Mento Philippine Peso (PHPm) stablecoin analytics
PHPm is Mento's Philippine peso stablecoin on Celo, minted CDP-style against USDm collateral (Mento V3, a Liquity v2 fork).
Static Profile
Static stablecoin profile
Mento Philippine Peso (PHPm) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg Philippine Peso.
AI summary / Updated May 15, 2026
Mento's Celo-native Philippine peso stablecoin uses the shared Mento reserve basket rather than PHP bank deposits, completing Pharos's regional PHP coverage. PHPm, marketed by Mento as PUSO, is a Celo-based Philippine peso stablecoin with live DefiLlama price and...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- 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 PHPm against it; user-set interest rates, Stability Pool liquidations, and Liquity-style redemptions support the PHPm peg, with circuit breakers and Mento reserve transparency on the upstream USDm leg.
- 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.
Snippet Answer
Is PHPm safe?
Pharos does not mark PHPm as absolutely safe. Static metadata says Mento Philippine 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.
Next Actions
Exact bot target: /subscribe dews,depeg,safety phpm-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 May 15, 2026.
PHPm quick answers
What is Mento Philippine Peso (PHPm)?
PHPm is Mento's Philippine peso stablecoin on Celo, minted CDP-style against USDm collateral (Mento V3, a Liquity v2 fork). The static profile records its Philippine Peso peg mechanism as: Mento V3 oracle-priced FX stablecoin minted by depositing USDm as CDP collateral and borrowing PHPm against it; user-set interest rates, Stability Pool liquidations, and Liquity-style redemptions support the PHPm peg, with circuit...
What backs PHPm?
Pharos classifies PHPm backing as Crypto-Collateralized. Collateral, per the static profile: 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). Reserve evidence: Real-Time PoR from Mento Reserve dashboard.
Can PHPm 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 PHPm, when applicable, appear in the dossier below.