Mento West African CFA Franc (XOFm) stablecoin analytics
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.
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 May 15, 2026
Mento's West African CFA franc CDP mints XOFm against USDm collateral on Celo, with FX-pair modeling still maturing on the reserve side. XOFm brings Mento's local-currency CDP model to the West African CFA franc on Celo. DefiLlama shows a live price and circulating supply, and...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- 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.
Snippet Answer
Is XOFm safe?
Pharos does not mark XOFm as absolutely 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.
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 May 15, 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?
Pharos does not mark XOFm as absolutely 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.