> ## Documentation Index
> Fetch the complete documentation index at: https://docs.celo.org/llms.txt
> Use this file to discover all available pages before exploring further.

# Build with Local Stablecoins

> An overview of all stablecoins on Celo

Celo supports more than 30 fiat-referenced stablecoins: 7 USD-pegged assets, 27 pegged to regional currencies, and GoodDollar's UBI token. Most chains give builders a dollar and little else. On Celo, a payments app in Nairobi can settle in KESm, a remittance corridor into Brazil can settle in BRLm, and neither has to route through a dollar first.

<Card title="Stablecoin Contracts" icon="file-contract" href="/build/tools/contracts/stablecoin-contracts" arrow>
  Contract addresses for every stablecoin on Celo Mainnet and the Celo Sepolia Testnet.
</Card>

## Why Local Stablecoins Matter

* **Price stability** — unlike volatile cryptocurrencies, stablecoins hold a predictable value.
* **Local denomination** — users hold and spend in their own currency instead of converting to and from dollars.
* **Low-cost transactions** — sub-cent fees make small transfers and micropayments practical.
* **Borderless access** — send and receive globally without a bank account.
* **Programmability** — use them in smart contracts for lending, savings, payroll, and remittances.
* **Onchain FX** — swap directly between currency pairs through [Mento](https://www.mento.org/).

## Mento Stablecoins

[Mento](https://www.mento.org/) is a decentralized stablecoin platform built on Celo. It issues 15 stablecoins that are algorithmically stabilized and backed by crypto collateral, spanning both major reserve currencies and local ones:

| Region | Stablecoins |
| - | - |
| Americas | USDm, BRLm, CADm, COPm |
| Europe | EURm, GBPm, CHFm |
| Africa | KESm, NGNm, GHSm, ZARm, XOFm |
| Asia-Pacific | JPYm, PHPm, AUDm |

Because Mento holds a diversified reserve, these assets can be swapped directly against one another — a Kenyan Shilling to West African CFA franc trade settles onchain without a dollar leg.

## Other Issuers

Alongside Mento, independent issuers have deployed stablecoins on Celo:

| Issuer | Assets |
| - | - |
| [Circle](https://www.circle.com/usdc) | USDC |
| [Tether](https://tether.to/en/) | USD₮ |
| [Anchorage Digital Bank](https://usat.io/) | [USA₮](/build/build-with-usat) |
| [Ripio](https://ripio.com/) | wARS, wBRL, wMXN, wCOP, wPEN, wCLP |
| [VNX](https://vnx.io/) | vGBP, vCHF |
| [Africa Stablecoin Consortium](https://cngn.co/) | cNGN |
| [Angle](https://www.angle.money/) | USDA, EURA |
| [Mountain Protocol](https://mountainprotocol.com/) | USDM |
| [Glo Foundation](https://www.glodollar.org/) | USDGLO |
| [BRLA](https://brla.digital/) | BRLA |
| [Minteo](https://minteo.com/) | COPM |
| [IDRX](https://idrx.co/) | IDRX |
| [GoodDollar](https://www.gooddollar.org/) | G\$ |

## Paying Gas in Stablecoins

Users don't need to hold CELO to transact. Celo's [fee abstraction](/build/fee-abstraction/overview) lets them pay gas in ERC20 tokens, and every Mento stablecoin plus USDC, USD₮ and USA₮ is on the allowlist — so a wallet holding only KESm can still send a transaction. See [Fee Currencies](/build/tools/contracts/fee-currencies) for the current list.

## Next Steps

<CardGroup cols={2}>
  <Card title="Stablecoin Contracts" icon="file-contract" href="/build/tools/contracts/stablecoin-contracts">
    Contract addresses on Celo Mainnet and the Celo Sepolia Testnet.
  </Card>

  <Card title="Fee Abstraction" icon="gas-pump" href="/build/fee-abstraction/overview">
    Let users pay gas fees in the stablecoin they already hold.
  </Card>

  <Card title="Build for MiniPay" icon="mobile" href="/build/mini-apps/overview">
    Reach mobile users of a stablecoin wallet built into Opera Mini.
  </Card>

  <Card title="Build with DeFi" icon="chart-line" href="/build/build-with-defi">
    Integrate swaps, lending, and oracles on top of these assets.
  </Card>
</CardGroup>


This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.