Stablecoin Information
GBPm is a GBP-pegged synthetic stablecoin on Celo, part of the Mento Protocol. It is minted via Liquity v2-style CDPs: users deposit USDm as collateral and borrow GBPm against it.
Category:crypto-backed
Minting and Redemption
GBPm is minted by depositing collateral into a Mento CDP (trove) and borrowing GBPm against it. Repaying the borrowed GBPm closes or reduces the trove and releases the USDm collateral.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 100% | +0.75% | -0.50% | -24.60% | 133,656.28 | ||
| 0.00% | +0.02% | +1.81% | +80.92% | 100,880.19 |