Mento Dollar USDM

What USDM actually is on-chain

Mento Dollar is a contract-issued token at address 0x765de816845861e75a25fca122bb6898b8b1282a, recorded on explorer.celo.org. We do not have a verified chain label for that explorer in our dataset, so we will not name the network here — check explorer.celo.org directly and confirm the address matches before interacting with it.

3 other assets tracked on this site also use the ticker USDM: MegaUSD (another network, 0xFAfD…79E7); USDM (Cardano); Mountain Protocol USD (Ethereum, 0x59d9…508c). These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.

For USDM the project publishes a public source repository and an active account as @MentoLabs. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where USDM sits in the market

Ranked #1063, Mento Dollar falls in the upper small-cap band. The order book absorbs size poorly at this depth: one meaningful market order can reprice the tape by several percent before it retraces minutes later. A lone static price target therefore fires on noise, and what you want is a condition built to survive that wick. Venue coverage is narrow, which makes volume-based delisting a concrete risk rather than a theoretical one.

We are not currently receiving a live USDM order book from any of the exchanges connected to this site, so no real-time quote is shown above. That is itself information: it usually means the pair is unlisted on the venues we track, or trading has been halted.

USDM against its all-time high

Mento Dollar's record high is $1.14, set on 2021-09-10. That high sits in a range where whole-cent and whole-unit levels are genuinely traded, which makes them usable as alert thresholds if a quote returns. It was set 5 years ago. A peak that old describes a supply structure and a holder base that have almost certainly turned over since. We are not quoting a drawdown from it because no tracked venue is giving us a live USDM price — a stale or single-pool number would make that percentage look precise when it is not.

USDM across its historical range

The recorded range is comparatively narrow: 2.29x between $0.4988 and $1.14. Either the price history is short, or the asset is designed not to move.

The record low of $0.4988 was printed on 2025-10-10 — about a year ago. We have no live quote to measure the current distance from it.

USDM supply and valuation data

Mento Dollar sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for USDM but not an audited token count. What we do have is a fully diluted valuation of $14.2 million as of 2026-05-12. That is in the upper quartile of tracked assets by fully diluted value.

Since the figure is a snapshot rather than a live number, we do not reverse it into a supply count: the price has moved since it was taken, and that division would produce a confident but incorrect token count. For any per-token valuation, check the current supply on the project's own explorer first. The authoritative figure is the one explorer.celo.org reports for this contract.

What kind of asset USDM is

Mento Dollar is pegged to the US dollar, so the only price question that matters is whether the peg holds; trend and momentum readings on a dollar peg describe noise, not direction. Its peg is maintained algorithmically rather than by reserves. That is the most fragile of the stablecoin designs: the mechanism that defends the peg is itself reflexive, so it is strongest when it is least needed and weakest during the redemption pressure it exists to absorb. Depegs in this category tend to be step changes, not drifts. It is small for a stablecoin, and at this size the peg depends heavily on one or two liquidity pools; thin-book depegs here say more about liquidity than about solvency.

CoinGecko files USDM under 6 categories, including Stablecoins, USD Stablecoin, Near Protocol Ecosystem, Celo Ecosystem, Algorithmic Stablecoin. CoinGecko also records deployments on NEAR (42 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a Mento Dollar alert that is worth receiving

Mento Dollar (USDM) — high dated 2021-09-10 — rank #1063. On this profile the condition that carries signal is a peg-deviation band of roughly ±0.5% of par, with RSI ignored entirely.

Full alert-design method: thresholds, RSI/MACD and volume conditions →