> ## 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.

# Asset Management

Access and account management for holding, exchanging, or sending Mento stablecoins like USDm (Mento Dollar).

<Warning>
  As of block height 31,056,500 (March 26, 2025, 3:00 AM UTC), Celo is no longer a standalone Layer 1 blockchain—it is now an Ethereum Layer 2!
  Some documentation may be outdated as updates are in progress. If you encounter issues, please [file a bug report](https://github.com/celo-org/docs/issues/new/choose).

  For the most up-to-date information, refer to our [Celo L2 documentation](/build#celo-l2-mainnet).
</Warning>

***

## Prerequisites

This guide assumes:

* You have read [Key Management](/legacy/validator/key-management/summary) on Celo
* You have installed the [Celo Command Line Interface](/cli/) (Celo CLI)

## Choose a Node

In order to execute the tasks listed below, you will need to point the Celo CLI to a node that is synchronized with the [Mainnet](/build-on-celo/network-overview).

## Create an Account

There are two ways to create an account:

* (Recommended) use [accounts generated by Ledger](/wallet/ledger/setup), if you possess a [Ledger hardware wallet](https://shop.ledger.com/products/ledger-nano-s)
* Use CLI to [generate an account](/cli/account#celocli-accountnew) -- this approach is less secure and hence not recommended

After creating an account, record its address in environment variables:

```shell theme={null}
export CELO_ACCOUNT_ADDRESS=<YOUR-CELO-ACCOUNT-ADDRESS>
```

## Exchange CELO for Mento Stablecoins

Once you have deposited CELO to your account, you can check your balance:

```shell theme={null}
celocli account:balance $CELO_ACCOUNT_ADDRESS
```

As an example of a common stablecoin swap, you can exchange CELO for USDm using the following command. This exchanges CELO for stable tokens (USDm by default) via the stability mechanism. Note that the unit of value is CELO Wei (1 CELO = 10^18 CELO Wei).

```shell theme={null}
celocli exchange:celo --value <VALUE-TO-EXCHANGE> --from $CELO_ACCOUNT_ADDRESS
```

## Transfer Mento Stablecoins

When you have sufficient balance, you can send Mento stablecoins such as USDm to other accounts. Note that the unit of value is USDm Wei (1 USDm = 10^18 USDm Wei).

```shell theme={null}
celocli transfer:dollars --from $CELO_ACCOUNT_ADDRESS --to <RECIPIENT-ADDRESS> --value <VALUE-TO-TRANSFER>
```