---
title: "Mento South African Rand (ZARm) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/zarm-mento/"
description: "Build-time stablecoin profile for Mento South African Rand (ZARm). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Mento South African Rand (ZARm)

**Peg:** South African Rand

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

Celo-issued ZAR stable from Mento's local-currency program, inheriting reserve risk from the shared Mento mix rather than ZAR bank collateral.

ZARm is a Celo-based South African rand stable asset from Mento minted {{term:cdp}}CDP-style{{/term}} against the Mento Reserve mix. Pharos already tracks a larger ZAR issuer, so ZARm is mainly an ecosystem-completion row that lets users compare Mento's local-currency model across regions. The token passes the DefiLlama price and supply gate and uses the verified Celo contract. Reserve quality is inherited from the shared Mento reserve mix rather than from rand-denominated bank collateral, so {{term:custody}}custody{{/term}} risk is on the Mento basket, not the South African banking system.

## Collateral

Mento V3 Liquity-v2-style CDPs collateralized by USDm; USDm in turn is backed by the diversified Mento Reserve mix (sUSDS, CELO, EURC, USDC, USDT, axlEUROC, stETH, and smaller positions exposed via the Mento reserve dashboard).

## Peg Mechanism

Mento V3 oracle-priced FX stablecoin minted by depositing USDm as CDP collateral and borrowing ZARm against it; user-set interest rates, Stability Pool liquidations, and Liquity-style redemptions support the ZARm peg, with circuit breakers and Mento reserve transparency on the upstream USDm leg.

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| celo | `0x4c35853a3b4e647fd266f4de678dcc8fec410bf6` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/zarm-mento.