Mento Brazilian Real (BRLm) stablecoin analytics
Answer First
What is Mento Brazilian Real (BRLm)?
BRLm is Mento's reserve-backed Brazilian real stablecoin on Celo, issued and retired through the oracle-priced USDm/BRLm Broker pool. The static profile records its Brazilian Real peg mechanism as: BRLm is issued through Mento v2's USDm/BRLm Broker and BiPoolManager exchange. A USDm-to-BRLm swap burns incoming USDm and mints outgoing BRLm; the reverse burns BRLm and mints USDm. The constant-sum virtual pool prices swaps from the...
Is BRLm safe?
BRLm holds a C Safety Score grade (59/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Mento Brazilian Real uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from Mento Reserve dashboard; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Mento Brazilian Real (BRLm) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg Brazilian Real.
AI summary / Updated Sep 7, 2026
BRLm is Mento's oracle-priced Brazilian real on Celo, minted and burned against USDm through the Mento Broker at the BRL/USD SortedOracles rate and backed by the shared, diversified Mento reserve rather than by a BRLm-specific trove. Unlike the Mento CDP rows, this entry uses the reserve-wide Mento feed because the CDP trove API only covers GBPm, JPYm, and CHFm. The reserve is diversified but still a mix of AUSD, sUSDS, CELO, USDT, EURC, USDC, stETH, and smaller assets, so Pharos classifies collateral quality as...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Mento reserve model documentation
- Collateral
- Shared Mento Reserve: Mento's current analytics configuration classifies BRLm as reserve-backed rather than CDP-backed. Its backing is the protocol's diversified, dynamically managed reserve, not USDm locked in a BRLm-specific trove.
- Peg Mechanism
- BRLm is issued through Mento v2's USDm/BRLm Broker and BiPoolManager exchange. A USDm-to-BRLm swap burns incoming USDm and mints outgoing BRLm; the reverse burns BRLm and mints USDm. The constant-sum virtual pool prices swaps from the BRL/USD SortedOracles feed and applies spread, trading-limit, report-count, freshness, and BreakerBox checks.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- Real-Time PoR by Mento Reserve dashboard Reserve source
- Contracts
- 1 deployment tracked across Celo.
Next Actions
Exact bot target: /subscribe dews,depeg,safety brlm-mento
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
BRLm quick answers
What is Mento Brazilian Real (BRLm)?
BRLm is Mento's reserve-backed Brazilian real stablecoin on Celo, issued and retired through the oracle-priced USDm/BRLm Broker pool. The static profile records its Brazilian Real peg mechanism as: BRLm is issued through Mento v2's USDm/BRLm Broker and BiPoolManager exchange. A USDm-to-BRLm swap burns incoming USDm and mints outgoing BRLm; the reverse burns BRLm and mints USDm. The constant-sum virtual pool prices swaps from the...
Is BRLm safe?
BRLm holds a C Safety Score grade (59/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Mento Brazilian Real uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from Mento Reserve dashboard; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs BRLm?
Pharos classifies BRLm backing as Crypto-Collateralized. Collateral, per the static profile: Shared Mento Reserve: Mento's current analytics configuration classifies BRLm as reserve-backed rather than CDP-backed. Its backing is the protocol's diversified, dynamically managed reserve, not USDm locked in a BRLm-specific trove. Reserve evidence: Real-Time PoR from Mento Reserve dashboard.
Can BRLm be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for BRLm, when applicable, appear in the dossier below.
