Mento Dollar
USDM Rank #1095Price chart
What is Mento Dollar?
Overview
Mento Dollar is a stablecoin designed to bring traditional currency onto blockchain networks with institutional-grade reliability. It operates within Mento's broader platform, which enables decentralized stablecoins pegged to various fiat currencies for real-world transactions and cross-border payments. The token targets both retail users and institutions seeking on-chain exposure to the US dollar.
How it works
USDM is deployed on both Celo and NEAR blockchains, utilizing Keccak hashing. The token is tradeable across multiple decentralized and centralized venues including Uniswap V3, Velodrome Finance Slipstream, Ubeswap, SushiSwap, and Gate exchange.
Peg and backing
Mento Dollar is a fiat-backed stablecoin maintained at a 1:1 peg to the US dollar through collateral reserves. The token employs both algorithmic and reserve-based mechanisms to sustain its stability and support redemptions at face value.
Supply
Total supply stands at approximately 13.6 million USDM with no maximum supply cap. The token supply adjusts based on minting and burning activity as demand for the stablecoin fluctuates across its supported networks.
Where to trade USDM
7 exchanges · top 10
Live spot quotes from connected exchanges
USDM funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.