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Record sog_st_usdm
USDm/Mento Dollar
Also recorded as USDm, Mento Dollar, cUSD, Celo Dollar
- Lifecycle
- Active
- Issuance
- Protocol-based
- Reference target
- US dollar
- Primary organization
- Mento ProtocolNo additional recorded relationship
- Launch
- Not yet recorded
- Redemption
- Protocol Redemption
- Backing
- Crypto-collateralized
- Stabilization
- Protocol arbitrage
- Last review
- 2026-06-14
- Evidence
- 3 source records
Reviewed assessment
Identity and current state
This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.USD-referenced stablecoin of the Mento Protocol, formerly named Celo Dollar and symbolized cUSD. It remains the same contract-level asset after the December 2025 rebrand to Mento Dollar and USDm.
| Name | Mento Dollar |
|---|---|
| Symbol | USDm |
| Aliases | USDm, Mento Dollar, cUSD, Celo Dollar |
| Asset class | Stablecoin |
| Lifecycle status | Active |
| Issuance status | Protocol-based |
| Canonical record ID | sog_st_usdm |
| Route slug | mento-dollar |
| Record confidence | High |
| Last reviewed | 2026-06-14 |
- Name
- Mento Dollar
- Symbol
- USDm
- Aliases
- USDm, Mento Dollar, cUSD, Celo Dollar
- Asset class
- Stablecoin
- Lifecycle status
- Active
- Issuance status
- Protocol-based
- Canonical record ID
sog_st_usdm- Route slug
mento-dollar- Record confidence
- High
- Last reviewed
- 2026-06-14
Record coverage
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 3 |
| Reserve reports | 1 |
| Reserve components | 2 |
| Model-history events | 1 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 2 |
| Events | 1 |
Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.
- Governance
- Protocol Governed
- Primary display organization
- Mento Protocol
- Primary display role
- Protocol operator
- Display selection mode
- Deterministic Policy
- Current relationships
- 1
- Ended relationships
- 0
- Unknown relationship state
- 0
- Freeze capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Blacklist capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Deployment control-event references
- 0
- Observed issuer-control events
- 0
- Relationship coverage
- 1 recorded relationship
| Organization | Organization category | Regulatory character | Jurisdiction | Role | Display priority | From | Until | Relationship status |
|---|---|---|---|---|---|---|---|---|
| Mento Protocol | Protocol or software system | Protocol or decentralized system | Unknown or not publicly resolved | Protocol operator | Primary display | Not yet recorded | Not yet recorded | Active relationship |
Protocol or software system
Primary displayMento Protocol
- Functional role
- Protocol operator
- Relationship status
- Active relationship
- Regulatory character
- Protocol or decentralized system
- Jurisdiction
- Unknown or not publicly resolved
- From
- Not recorded
- Until
- Not recorded
Mechanism
How the asset works
Reference, backing, stabilization, exit, valuation, and yield remain separate facts.- Reference target
- US dollar
- Reference kind
- Fiat
- Comparison category
- US dollar
- Target value
- 1
- Reference methodology
- USDm remains pegged one-to-one to USD after the cUSD naming transition.
- Public backing model
- Crypto-collateralized
- Canonical backing types
- Stablecoin Collateral, Crypto Collateral, Mixed
- Reserve component categories
- Stablecoin Collateral, Crypto Collateral
- Primary stabilization mechanism
- Protocol arbitrage
- Recorded model description
- Overcollateralized Mento Reserve
- Redemption / exit model
- Protocol Redemption
- Valuation source
- Mento Reserve and protocol exchange mechanisms
- Yield / rebase profile
- No recorded change · Accrual: No recorded change
- Classification notes
- Continuous cUSD/USDm identity. The December 2025 change was a pure rebrand with unchanged contracts and peg.
Reserve and redemption
Reserve and redemption
Recorded components, disclosures, reports, and redemption conditions remain explicit.Reserve components
- Stablecoin collateralStablecoin Collateral
- Crypto collateralCrypto Collateral
| Disclosure status | Protocol-transparent |
|---|---|
| Backing types | Stablecoin Collateral, Crypto Collateral, Mixed |
| Summary | USDm is supported by the overcollateralized Mento Reserve and reserve-liquidity strategies. Mento V3 documentation describes mint and burn actions around reserve-backed USDm pools while preserving the continuous asset identity from cUSD. |
| As of | 2026-06-14 |
| Profile confidence | High |
- Disclosure status
- Protocol-transparent
- Backing types
- Stablecoin Collateral, Crypto Collateral, Mixed
- Summary
- USDm is supported by the overcollateralized Mento Reserve and reserve-liquidity strategies. Mento V3 documentation describes mint and burn actions around reserve-backed USDm pools while preserving the continuous asset identity from cUSD.
- As of
- 2026-06-14
- Profile confidence
- High
| Current status | Protocol Based |
|---|---|
| Settlement asset | Supported Mento reserve or pool assets through protocol exchange routes |
| Eligible parties | Users able to access supported Mento contracts, pools, interfaces, and chains. |
| Retail access | Public Protocol Based |
| Institutional access | Public Protocol or Integrator Based |
| Minimum amount | Pool, quote, and transaction dependent. |
| Fee | Protocol incentives, pool conditions, and network costs may apply. |
| Settlement time | On-chain transaction dependent. |
| Regional limits | Access depends on Celo or supported Mento deployments, interfaces, liquidity, reserve strategy, and governance parameters. |
- Current status
- Protocol Based
- Settlement asset
- Supported Mento reserve or pool assets through protocol exchange routes
- Eligible parties
- Users able to access supported Mento contracts, pools, interfaces, and chains.
- Retail access
- Public Protocol Based
- Institutional access
- Public Protocol or Integrator Based
- Minimum amount
- Pool, quote, and transaction dependent.
- Fee
- Protocol incentives, pool conditions, and network costs may apply.
- Settlement time
- On-chain transaction dependent.
- Regional limits
- Access depends on Celo or supported Mento deployments, interfaces, liquidity, reserve strategy, and governance parameters.
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| Not yet recorded | Mento Documentation | Protocol Reserve Disclosure | Stablecoin Collateral, Crypto Collateral, Treasury Assets | High |
Mento Documentation
Not yet recorded- Type
- Protocol Reserve Disclosure
- Assets covered
- Stablecoin Collateral, Crypto Collateral, Treasury Assets
- Record confidence
- High
Deployments and legal context
Deployments and legal context
Network state, contract identity, legal notices, and value states remain separate.| Network | Network record state | Standard | Public deployment category | Canonical deployment type | Operational state | Recorded status | Change or proposal state | Canonicality | Canonicality record state | Verification state | Contract identity state | Contract or identifier | Freeze | Blacklist | Control events | Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Celo | Specific network recorded | Not yet recorded | Protocol-native or protocol-supported deployment | Protocol Issued Token | Active | Active | No separate change state recorded | Native deployment | Canonicality recorded | Identifier recorded; verification not recorded | Identifier recorded | 0x765DE816845861e75A25fCA122bb6898B8B1282a | Not yet recorded | Not yet recorded | 0 | Continuous Celo contract retained through the cUSD-to-USDm naming change. |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
No regulatory notes have been added yet.
Evidence
Evidence
Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| The Evolution of Mento: cUSD becomes USDm Published 2025-12-17 | Mento | Official statement or announcement Canonical: Official Statement | Subject-controlled source | Primary source | Identity Rebrand, Contract Continuity, Event Date, Rebrand, Identity, Peg, Holder Action, Ceur to Eurm Rebrand No Contract or Peg Change | Archive index or wildcard | High |
| Mento Reserve and reserve-liquidity strategy Published Not yet recorded | Mento Documentation | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Reserve Mechanism, Mint Burn Mechanics, Protocol Redemption | Archive index or wildcard | High |
| Mento SDK example using the continuous Celo USDm contract Published Not yet recorded | Mento Documentation | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Contract Identity, Celo Deployment, Protocol Exchange | Archive index or wildcard | High |
Known unknowns
Known unknowns and coverage
Missing or disputed facts remain visible instead of being converted into certainty.| Topic | What remains unclear | Value state | Priority | Last checked |
|---|---|---|---|---|
| V3 Transition Boundary | The exact production boundary between legacy Mento reserve mechanics and every Mento V3 pool or strategy is not fully normalized in this record. | Unknown after review | Medium | 2026-06-14 |
| Non Celo Deployments | Current and planned native, bridged, or pool-based USDm representations outside Celo require chain-by-chain identity verification. | Unknown after review | Medium | 2026-06-14 |
V3 Transition Boundary
The exact production boundary between legacy Mento reserve mechanics and every Mento V3 pool or strategy is not fully normalized in this record.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-14
Non Celo Deployments
Current and planned native, bridged, or pool-based USDm representations outside Celo require chain-by-chain identity verification.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-14
Lifecycle
History
Current classification remains separate from dated changes and incidents.Model and lifecycle changes
| Date | Event | Category | Subtype | Status effect | Recovery |
|---|---|---|---|---|---|
| 2025-12-17 | Celo Dollar becomes Mento Dollar and cUSD becomes USDm | Migration and rebrand | Migration | Remained active | Not applicable |
Related records and corrections
Corrections and further reading
Open connected records, methodology, machine-readable data, or report a correction.- All stablecoinsCompare this record with the rest of the archive.
- Mento ProtocolUnknown or not publicly resolved
- Event registry1 connected event recorded.
- MethodologyRead classification, evidence, and value-state rules.
- CorrectionsReport a source, relationship, or record problem.
- Data manifestInspect the machine-readable public layer.