Verify what backs a stablecoin
DIA Value computes intrinsic fair value for stablecoins from reserves and on-chain data, so backing and peg health can be verified.
Supply
Chains
Holders on Celo
NGNm is an NGN stablecoin minted by the Mento protocol's smart contracts, with no central issuer, launched on 12 May 2025.
29.0M NGNm in circulation, all on Celo.
Source: DIA first-party onchain reads, the series the chart draws. Each figure is the change in the supply DIA reads across NGNm’s chains between two daily snapshots. Not mints minus redeems: DIA does not publish issuance flow.
29.0M NGNm
All supply on Celo
Celo29.0M NGNm · 100.0%Supply growth
Counted on Celo. Excludes protocol and bridge contracts and issuer treasuries. Shares are of the supply on Celo less issuer treasuries and burn addresses. Protocol and bridge contracts stay in that supply but are not counted among the largest holders.
Source: Blockscout.
271holders on Celo
Excludes protocol and bridge contracts and issuer treasuries. Shares are of the supply on Celo less issuer treasuries and burn addresses. Protocol and bridge contracts stay in that supply but are not counted among the largest holders.
How far NGNm trades from its NGN peg, from DIA's daily price reads.
NGNm is designed to be backed by crypto held as overcollateral.
Celo0xe2702bd9…8aa76f71mint(address,uint256)eip1967-transparentRead from the deployed contract and its account on each chain. A control with no row is one the read could not settle, which is not the same as absent. “No” appears only where the verified contract source lists every function, or where the chain records that the control cannot exist, such as a package published as immutable.
Contract can mint · upgrade (proxy)
Reserves are published as a continuous proof-of-reserves feed.
Reserve attestation cadence
A continuously-updating reserve feed rather than a periodic report.
Not applicable (no central issuer)recorded for the protocol; no central issuer
Source: DIA onchain reads Updated
Source: Blockscout, Celo Updated
Source: DIA price feed Updated