Mento West African CFA Franc

XOFm

CeFi-Dependent · Crypto-Collateralized · West African CFA Franc

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Static Profile

Static stablecoin profile

Mento West African CFA Franc (XOFm) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg West African CFA Franc.

CeFi-Dependent Crypto-Collateralized West African CFA Franc

AI summary / Updated May 14, 2026

XOFm brings Mento's local-currency CDP model to the West African CFA franc on Celo. DefiLlama shows a live price and circulating supply, and the protocol description is clear: users deposit USDm into Mento troves and borrow XOFm against it. Pharos now treats XOF as a...

Collateral: Mento CDP debt backed by USDm collateral, with XOFm minted through Mento's Liquity v2-style CDP system and priced through Mento oracle routes
Peg Mechanism: CDP-backed Mento FX stablecoin: borrowers mint XOFm against USDm collateral, while repayment, redemption, oracle-priced swaps, circuit breakers, and Mento governance parameters support the XOF peg
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: 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 May 14, 2026.