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Market cap
DIA price
Total supply
Holders
14.3M USDm
5,853,260holders
Measured on Celo. Shares are of the Celo supply, not the multi-chain total.
-$161.2Ksince Fri, Aug 28 UTC
Change in the supply DIA reads across this coin’s chains, between two daily snapshots. Not mints minus redeems: DIA does not publish issuance flow.
Market data · CoinGecko
Market data · CoinGecko
Circulating supply · DeFiLlama
Aggregator figure, not a contract read. DIA’s own onchain supply is the separate series below.
Percentage change in USDm's circulating supply as reported by DeFiLlama, measured against that source's own past. It is not a change in the onchain supply above, which DIA reads from the contracts directly and which is a different measurement of the same coin. A dash means the map has no reading close enough to the start of the window, a stretch inside it where supply was not reported at all, or a starting figure too small for a percentage to describe. Hover a dash for which.
DIA price
$0.9993
Peg deviation
-7 bps
Peg currency
USD
Primary use
—
Last snapshot
Fri, Sep 4 UTC
Mento's documentation states that the Reserve backs two units, the dollar and the euro, and USDm is the dollar one.
What the Reserve holds is the part worth reading closely, because it is not a bank account. Mento states that the Reserve holds other issuers' fiat backed stablecoins, naming USDC, USDT and USDS. A USDm holder's claim therefore runs through to Circle, Tether and Sky rather than stopping at Mento, and it inherits whatever those issuers disclose about their own reserves. Mento's transparency at its own layer is high and tells a reader nothing about the layer beneath it.
That structure is why this coin sits outside DIA's disclosure ladder rather than at the bottom of it. The ladder measures whether a qualified external party examined a fiat reserve. There is no fiat reserve here for an accountant to count, so no attestation is missing and none was ever the right instrument. Mento publishes reserve holdings and a collateralization ratio on its own dashboard, which is a more legible form of disclosure than most issuers offer in any form. It is also a different form, and ranking the two against each other would tell a reader nothing useful about either.
Sources: Mento protocol documentation, the Reserve, Mento reserve dashboard
Where this page carries a supply figure for USDm, it is read from contract state on Celo rather than taken from an aggregator. Supply read from contract state is not the same measure as circulating supply, and this page does not present it as one.
Holder concentration is not computed for any coin on this map yet, so it does not appear here.
The identifier point matters for anyone comparing this page against an aggregator. Under its former ticker the same contract carries a long price and supply history, and under the new one it may show up as a fresh listing or not at all. Resolving the address first and the ticker second is the order that survives a rename, and it is the order DIA used.
Mento renamed its roster across the protocol, so several coins on this map changed ticker without changing contract. The issuer page carries that picture in full, including which Mento tokens are backed by the Reserve and which are borrowed against this one.
Sources: Mento protocol documentation, the Reserve, Mento reserve dashboard
Mento Dollar is the dollar unit of the Mento protocol on Celo, and it holds a position on this map that no other coin does. It is a stablecoin in its own right and it is the collateral asset behind other stablecoins listed here separately.
It reached its current form through a rename rather than a launch. The contract at 0x765DE816845861e75A25fCA122bb6898B8B1282a is the address that carried cUSD, and its symbol now reads USDm. Nothing about the deployment changed, so a listing that still calls it cUSD and a listing that calls it USDm are describing the same token. DIA carries it under the identifier usdm-mento for that reason, and resolved the address before the ticker.
One thing to check before reading any figure attached to this ticker. Mountain Protocol issues a token called USDM and it appears on this map separately. That coin holds short dated government securities and passes the yield to holders. This one is a protocol reserve unit on Celo. The tickers differ by the case of a single letter and the instruments have nothing in common.
Sources: Mento protocol documentation, the Reserve, Mento reserve dashboard
Read the ratio Mento publishes for what it actually covers. The documentation defines the collateralization ratio as reserve holdings divided by the supply of the Reserve backed stables, so it is one figure across that whole set rather than a statement about USDm alone.
The concentration risk here is unusual and worth naming plainly. USDm is the collateral asset for Mento's borrowed currency markets, so a USDm depeg would not stay inside USDm. Mento's documentation names it as one of two failure modes for those positions, alongside movement in the exchange rate. When DIA read Mento's reserve dashboard on 5 August 2026, the borrowed layer was a low single digit percentage of Mento's circulating supply, so the exposure was small in absolute terms on that reading, and it is a figure that moves.
Beneath that sits a second layer most readers will not think to check. The Reserve's euro leg is Circle's EUROC and its dollar leg is other issuers' dollar stablecoins. Each of those carries its own gap between what is authorised on chain and what its issuer counts as circulating. Anyone working out what stands behind a Mento token is reading two issuers' disclosure rather than one.
Sources: Mento protocol documentation, the Reserve, Mento protocol documentation, collateralized debt positions, Mento reserve dashboard
Mento's Reserve, which its documentation states holds other issuers' fiat backed stablecoins rather than cash. Mento names USDC, USDT and USDS. A claim on USDm therefore runs through to those issuers, and a reader evaluating it inherits their disclosure alongside Mento's.
Yes. The contract at 0x765DE816845861e75A25fCA122bb6898B8B1282a is the address that carried cUSD, and its symbol now reads USDm. The rename changed the ticker and not the deployment, so listings under either name describe the same token.
No, and they are easy to confuse. Mountain Protocol's USDM holds short dated government securities and passes yield to holders. Mento's USDm is a protocol reserve unit on Celo backed by other issuers' stablecoins. The two appear separately on this map.
None. DIA's ladder measures whether a qualified external party examined a fiat reserve, and there is no fiat reserve here to examine. Rating it D would read as an absence of disclosure, which would misdescribe a coin whose collateral is readable on chain. Mento publishes reserve holdings and a collateralization ratio on its own dashboard instead.
No. Mento's documentation defines the collateralization ratio as reserve holdings divided by the supply of all Reserve backed stables, so the published figure covers that whole set. There is no per token reserve ratio to read for USDm on its own.
0x765DE816…B8B1282aExplorer ↗Supply on this page is read from these contracts. Addresses are verified by DIA against the issuer’s own published documentation.
0x765de816…b8b1282amint(address,uint256)eip1967-transparentRead from the deployed contract. “Not determined” means the contract’s full function set could not be enumerated, not that the capability is absent: a bytecode scan can confirm that a function exists and can never prove that one does not.