Mento South African Rand (ZARm) stablecoin analytics
Answer First
What is Mento South African Rand (ZARm)?
Mento's reserve-backed South African rand stablecoin on Celo: oracle-priced USDm/ZARm Broker pool issues and retires under legacy V2; governance winding down. The static profile records its South African Rand peg mechanism as: ZARm is issued and retired through Mento V2's oracle-priced USDm/ZARm Broker/BiPoolManager constant-sum pool: a USDm-to-ZARm swap burns incoming USDm and mints outgoing ZARm, and the reverse burns ZARm, priced off the ZAR/USD oracle with...
Is ZARm safe?
Pharos does not assess ZARm as safe: it holds an F Safety Score grade (20/100) in the latest published rating, which flags significant structural risk. Static metadata says Mento South African Rand 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 South African Rand (ZARm) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg South African Rand.
AI summary / Updated Sep 7, 2026
ZARm is Mento's South African rand stable asset on Celo, issued and retired through an oracle-priced USDm/ZARm Broker pool rather than against rand bank collateral. Its backing is the shared Mento Reserve: a basket of AUSD, sUSDS, USDT, EUROP, EURC, and USDC alongside CELO, stETH, and ETH, self-custodied in protocol contracts under a 48-hour governance timelock. Reserve quality is therefore the Mento basket's quality, and custody risk sits on that basket rather than on the South African banking system. Pharos...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Mento Reserve dashboard and Mento stable assets on Celo (protocol documentation)
- Collateral
- Shared Mento Reserve: ZARm is reserve-backed rather than CDP-backed. Its backing is the protocol's diversified, dynamically managed reserve (sUSDS, CELO, EURC, USDC, USDT, axlEUROC, stETH and smaller positions via the Mento reserve dashboard), not USDm locked in a ZARm-specific trove.
- Peg Mechanism
- ZARm is issued and retired through Mento V2's oracle-priced USDm/ZARm Broker/BiPoolManager constant-sum pool: a USDm-to-ZARm swap burns incoming USDm and mints outgoing ZARm, and the reverse burns ZARm, priced off the ZAR/USD oracle with spread, trading-limit, freshness and BreakerBox checks; Mento governance (MGP-18) is winding down V2 with per-token trading limits capped at outstanding supply plus 10%.
- 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 zarm-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.
ZARm quick answers
What is Mento South African Rand (ZARm)?
Mento's reserve-backed South African rand stablecoin on Celo: oracle-priced USDm/ZARm Broker pool issues and retires under legacy V2; governance winding down. The static profile records its South African Rand peg mechanism as: ZARm is issued and retired through Mento V2's oracle-priced USDm/ZARm Broker/BiPoolManager constant-sum pool: a USDm-to-ZARm swap burns incoming USDm and mints outgoing ZARm, and the reverse burns ZARm, priced off the ZAR/USD oracle with...
Is ZARm safe?
Pharos does not assess ZARm as safe: it holds an F Safety Score grade (20/100) in the latest published rating, which flags significant structural risk. Static metadata says Mento South African Rand 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 ZARm?
Pharos classifies ZARm backing as Crypto-Collateralized. Collateral, per the static profile: Shared Mento Reserve: ZARm is reserve-backed rather than CDP-backed. Its backing is the protocol's diversified, dynamically managed reserve (sUSDS, CELO, EURC, USDC, USDT, axlEUROC, stETH and smaller positions via the Mento reserve... Reserve evidence: Real-Time PoR from Mento Reserve dashboard.
Can ZARm 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 ZARm, when applicable, appear in the dossier below.
