EURm · Mento Euro

Field-level summary. The source class describes the kind of source backing each row (see source classes). Live values come from the latest tracked snapshot (30 Sept).

The live KPI strip, supply chart, chain table and activity series above are the on-page market data for EURm. They are computed by eurostablecoins.xyz from on-chain snapshots on Celo.

Latest tracked circulating supply: €1.44M · snapshot 30 Sept.

EURm is a reserve-backed protocol-issued euro stablecoin. There is no central legal issuer entity, no EMI license, and no off-chain redemption URL — the protocol is governed by MENTO token holders and operates entirely through smart contracts on the Celo blockchain. The Mento homepage ^[S1] and protocol documentation ^[S2] are the controlling materials for the protocol mechanics. eurostablecoins.xyz records these as protocol-document (Issuer-document fact) sources.

Because there is no legal issuing entity, several rows that exist on institutional EMT pages — issuer_legal_entity, regulator, redemption_url, auditor — are structurally absent for EURm. They are recorded on this page as No public source found rather than fabricated.

EURm was formerly known as cEUR (Celo EUR). The Mento protocol rebranded its stablecoins to the ‘m’ suffix naming convention (USDm, GBPm, EURm) as part of a broader repositioning. The underlying contract on Celo has not changed.

EURm is not in ESMA’s interim MiCA EMT White Paper register. As a protocol-issued asset without a central legal issuer, EURm does not fall under the MiCA EMT regime — which applies to entity-issued tokens. eurostablecoins.xyz does not promote EURm to any regulator-sourced status.

Shown for reference, not a legal opinion. Full context on the MiCA reference page.

The Mento protocol documentation ^[S2] describes EURm as backed by the Mento Reserve, which holds fiat-backed stablecoins including USDC, EUROC, and USDT as collateral. The reserve composition and stability parameters are set by MENTO governance token holders. The Mento Reserve dashboard ^[S3] provides an on-chain view of the reserve composition.

Minting and redemption occur through the protocol’s liquidity pools at oracle rates. Users swap supported collateral for EURm (or vice versa) via the Mento app or compatible interfaces on Celo. There is no off-chain redemption URL — the redemption_url row in the key-facts table is recorded as No public source found because the field is structurally absent for a protocol-mediated system.

EURm is deployed on Celo mainnet only (chainId 42220). Contract: 0xd8763cba276a3738e6de85b4b3bf5fded6d6ca73 (18 decimals, ERC-20, verified 2026-06-12) ^[S4].

The research registry noted that Solana, Polygon and Ethereum deployments may exist as bridged representations, but these were not verified at the time of addition. eurostablecoins.xyz currently tracks the Celo deployment only; public aggregators also list only the Celo deployment.

EURm peg data on eurostablecoins.xyz is derived from available Celo DEX pool prices where a market price source can be identified. EURm has no major CEX listing as of June 2026. Peg coverage status, with stale-data thresholds and known gaps, is on data coverage.

eurostablecoins.xyz exposes EURm data through the v1 API (an active €49/month subscription and API key are required). All endpoints return JSON, are CORS-enabled and are stable under /api/v1/*.

• /api/v1/coins/eurm — EURm metadata and current state.
• /api/v1/supply/eurm — latest EURm supply snapshot.
• /api/v1/history/supply/eurm — daily EURm supply history.
• /api/v1/holders/eurm — latest EURm holder snapshot.

Supply, market share, chain distribution, historical series, holders, mint/burn and transfer-volume on this page are computed by eurostablecoins.xyz from on-chain snapshots on Celo. Values refresh on cron cadence and are not real-time tick-by-tick.

Protocol description, backing model and reserve view are drawn from the Mento homepage ^[S1], protocol documentation ^[S2], and Reserve dashboard ^[S3].

Specific gaps on this page:

• ESMA EMT White Paper register entry — not applicable. EURm is a protocol asset without a central issuer; it does not appear on the ESMA EMT register.
• Issuer legal entity — structurally absent (No public source found). EURm is protocol-issued; there is no legal issuing entity.
• Regulator — structurally absent (No public source found). No central issuer means no regulated entity to supervise.
• Off-chain redemption URL — structurally absent (No public source found). Redemption is protocol-mediated on-chain.
• Auditor of record — not publicly named as of June 2026 (No public source found).
• CEX peg source — no major CEX listing found. Peg data derived from Celo DEX pools only; coverage may be limited or absent.
• Other chain deployments — Solana, Polygon and Ethereum bridged versions were noted in research but not verified. Only the canonical Celo deployment is tracked.

The six source classes used across the site are defined on /about#source-classes.

What is EURm?

EURm (Mento Euro) is a reserve-backed euro stablecoin issued by the Mento protocol on the Celo blockchain. There is no central legal issuer entity — EURm is a protocol asset backed by EUROC (a euro-backed stablecoin) on a 1:1 basis, held in the over-collateralised Mento Reserve whose volatile safety-net assets are CELO, BTC and ETH. EURm was formerly known as cEUR (Celo EUR).

How is EURm different from fiat-backed tokens like EURC?

EURC and similar tokens are issued by a licensed financial institution (an EMI or credit institution) that holds fiat euros in segregated bank accounts and is supervised by a regulator such as ACPR or CSSF. EURm is issued by a decentralized protocol: there is no legal entity, no bank account, no regulator, and no MiCA EMT classification. The backing is held in the over-collateralised Mento Reserve as EUROC (1:1) plus a CELO/BTC/ETH safety net, not as bank deposits.

Is EURm a MiCA e-money token?

No. EURm does NOT appear on ESMA's interim MiCA EMT White Paper register. As a protocol-issued asset without a central legal issuer, EURm does not fall under the MiCA EMT regime. eurostablecoins.xyz does not promote EURm to any regulator-sourced status.

How do I mint or redeem EURm?

Minting and redemption occur through the Mento protocol's liquidity pools. Users swap supported collateral tokens (such as USDC or EUROC) for EURm at the oracle rate via the Mento app or compatible DEX interfaces on Celo. There is no off-chain redemption URL; all operations are on-chain through the protocol contracts.

What was cEUR and how does it relate to EURm?

cEUR (Celo EUR) was the original name for the Mento euro stablecoin. The protocol rebranded it to EURm (Mento Euro) as part of a broader repositioning of all Mento stablecoins to the ‘m’ suffix naming convention (USDm, GBPm, EURm, etc.). The underlying contract address on Celo remains the same.