Mento West African CFA Franc (XOFm) stablecoin analytics
Answer First
What is Mento West African CFA Franc (XOFm)?
XOFm is Mento's West African CFA Franc stablecoin on Celo, issued through the reserve-backed Mento Broker and priced by an oracle-governed FX swap path. The static profile records its West African CFA Franc peg mechanism as: XOFm is issued through Mento v2's USDm/XOFm Broker and BiPoolManager exchange. A USDm-to-XOFm swap burns incoming USDm and mints outgoing XOFm; the reverse burns XOFm and mints USDm. The virtual pool prices swaps from the XOF/USD oracle...
Is XOFm safe?
XOFm holds a C+ Safety Score grade (64/100) 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 West African CFA Franc 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 West African CFA Franc (XOFm) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg West African CFA Franc.
AI summary / Updated Sep 7, 2026
XOFm is Mento's West African CFA franc stablecoin on Celo, minted and burned through the Mento Broker: a USDm-to-XOFm swap burns the incoming USDm and mints XOFm at the XOF/USD oracle rate, the reverse burns XOFm back into USDm, and every swap passes spread, trading-limit, freshness, and circuit-breaker checks. There is no trove, health factor, or liquidation path; the claim sits on the shared Mento Reserve, a diversified basket that at the July 2026 read was roughly a quarter AUSD, a quarter sUSDS, a sixth CELO...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Mento reserve model documentation, Mento V3 stable token docs, and Pinned Mento stablecoin backing config
- Collateral
- Shared Mento Reserve: Mento's current backing configuration classifies XOFm as reserve-backed rather than CDP-backed. Its backing is the protocol's diversified, dynamically managed reserve, not USDm locked in an XOFm-specific trove.
- Peg Mechanism
- XOFm is issued through Mento v2's USDm/XOFm Broker and BiPoolManager exchange. A USDm-to-XOFm swap burns incoming USDm and mints outgoing XOFm; the reverse burns XOFm and mints USDm. The virtual pool prices swaps from the XOF/USD oracle 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 xofm-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.
XOFm quick answers
What is Mento West African CFA Franc (XOFm)?
XOFm is Mento's West African CFA Franc stablecoin on Celo, issued through the reserve-backed Mento Broker and priced by an oracle-governed FX swap path. The static profile records its West African CFA Franc peg mechanism as: XOFm is issued through Mento v2's USDm/XOFm Broker and BiPoolManager exchange. A USDm-to-XOFm swap burns incoming USDm and mints outgoing XOFm; the reverse burns XOFm and mints USDm. The virtual pool prices swaps from the XOF/USD oracle...
Is XOFm safe?
XOFm holds a C+ Safety Score grade (64/100) 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 West African CFA Franc 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 XOFm?
Pharos classifies XOFm backing as Crypto-Collateralized. Collateral, per the static profile: Shared Mento Reserve: Mento's current backing configuration classifies XOFm as reserve-backed rather than CDP-backed. Its backing is the protocol's diversified, dynamically managed reserve, not USDm locked in an XOFm-specific trove. Reserve evidence: Real-Time PoR from Mento Reserve dashboard.
Can XOFm 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 XOFm, when applicable, appear in the dossier below.
