Mento Colombian Peso (COPm) stablecoin analytics
Answer First
What is Mento Colombian Peso (COPm)?
COPm is Mento's Colombian peso stablecoin on Celo, issued and retired through the legacy USDm FX Broker pool against the shared Mento Reserve. The static profile records its Colombian Peso peg mechanism as: COPm is issued and retired through Mento V2's oracle-priced USDm/COPm Broker/BiPoolManager pool.
Is COPm safe?
COPm holds a C Safety Score grade (59/100) 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 Colombian Peso 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 Colombian Peso (COPm) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg Colombian Peso.
AI summary / Updated Sep 7, 2026
COPm is Mento's oracle-priced Colombian peso stablecoin on Celo, minted and burned through the Mento Broker against the shared Mento Reserve rather than fiat held in a bank. That reserve is a mixed basket of other stablecoins with a CELO wildcard: AUSD and sUSDS are the largest slices, USDT, EURC, and USDC sit behind them, and CELO plus a little stETH and ETH make up the volatile tail, all readable live from the Mento reserve API.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- Shared Mento Reserve: current issuer configuration classifies this currency as reserve-backed, not USDm locked in a borrower-specific CDP.
- Peg Mechanism
- COPm is issued and retired through Mento V2's oracle-priced USDm/COPm Broker/BiPoolManager pool. USDm-to-COPm swaps burn incoming USDm and mint the FX token; reverse swaps burn the FX token and mint USDm, subject to the configured oracle, spread, trading limits, and breaker 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 copm-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.
COPm quick answers
What is Mento Colombian Peso (COPm)?
COPm is Mento's Colombian peso stablecoin on Celo, issued and retired through the legacy USDm FX Broker pool against the shared Mento Reserve. The static profile records its Colombian Peso peg mechanism as: COPm is issued and retired through Mento V2's oracle-priced USDm/COPm Broker/BiPoolManager pool.
Is COPm safe?
COPm holds a C Safety Score grade (59/100) 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 Colombian Peso 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 COPm?
Pharos classifies COPm backing as Crypto-Collateralized. Collateral, per the static profile: Shared Mento Reserve: current issuer configuration classifies this currency as reserve-backed, not USDm locked in a borrower-specific CDP. Reserve evidence: Real-Time PoR from Mento Reserve dashboard.
Can COPm 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 COPm, when applicable, appear in the dossier below.
