Profile
BRLm profile facts
Mento Brazilian Real (BRLm) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg Brazilian Real.
- 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.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
BRLm quick answers
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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.
Is BRLm safe?
As of Nov 8, 2026, Pharos grades BRLm C+ (64/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs BRLm?
Pharos records BRLm's reserves as of Oct 27, 2026 as 29.6% AUSD (Agora Dollar), 28.1% sUSDS (Sky savings USDS), 12% USDT, and 9 smaller holdings. Reserve evidence: Real-Time PoR by Mento Reserve dashboard. Pharos classifies the backing as Crypto-Collateralized.
Can BRLm be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
How do you redeem BRLm?
Under the route Pharos reviewed on Jul 19, 2026, any holder can redeem BRLm for USDm. Redemption settles atomically on-chain. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
