Back to Organizations
Mento Labs
Mento Labs builds Mento, an onchain FX and multi-currency decentralized stablecoin platform. It issues over a dozen local and global currency stablecoins (e.g. USDm, EURm, KESm, COPm) backed by an overcollateralized, transparent onchain reserve, and operates the Mento Asset Exchange, a virtual AMM for swapping between stablecoins at real-world FX rates. Its clients/users include traders, institutions, fintechs, wallets, payment providers, and DeFi protocols seeking cross-border payments, local payments, FX trading, and yield opportunities.
Distributed
Description
Mento Labs is the team behind Mento, a decentralized, multi-currency stablecoin and onchain FX infrastructure platform. Mento issues a growing portfolio of local and global currency-pegged decentralized stablecoins (including USDm, EURm, BRLm, KESm, PHPm, COPm, XOFm, NGNm, JPYm, CHFm, ZARm, GBPm, AUDm, CADm, and GHSm), each overcollateralized and backed by the transparent, onchain Mento Reserve. Its core product, the Mento Asset Exchange, is a virtual Automated Market Maker (vAMM) that enables 24/7 swapping between stablecoins at real-world FX rates, with mint/burn dynamics rather than reliance on pre-supplied liquidity pools. The protocol is governed by holders of the MENTO governance token via onchain proposals and voting. Mento serves traders, institutions, fintechs, wallets, and payment platforms across more than 140 countries, supporting use cases such as onchain FX trading and liquidity, DeFi yield generation, cross-border remittances, and everyday local-currency payments. Ecosystem partners integrating Mento stablecoins include Aave, Uniswap, Velodrome, Wormhole, Merkl, Valora, MiniPay, Squid Router, Pretium, BucksPay, TuCop, and others, and Mento has expanded to networks including Celo and Monad.Grant Funding
VC Funding
None
2024
$0
$10M