EURm is Mento's oracle-priced euro stablecoin on Celo, mint and redeem through the Mento reserve backed by a diversified crypto and stablecoin basket. The static profile records its Euro peg mechanism as: Mento V3 reserve-backed FX model: EURm is minted and redeemed against the shared Mento Reserve through Fixed-Price Market Maker (FPMM) pools that quote a Chainlink EUR oracle rate rather than deriving price from pool reserves, with on-chain trading limits and circuit breakers halting trade when the oracle is stale or off-peg.

As of Oct 24, 2026, Pharos grades EURm D (49/100) 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 low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.

Pharos records EURm's reserves as of Sep 30, 2026 as 24.9% CELO, 24.1% AUSD (Agora Dollar), 22.6% sUSDS (Sky savings USDS), and 9 smaller holdings. Reserve evidence: Real-Time PoR by Mento Reserve dashboard. Pharos classifies the backing as Crypto-Collateralized.

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.

Under the route Pharos reviewed on Jul 15, 2026, any holder can redeem EURm 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.