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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
Funding Rounds
Funding Round: Unknown
Funding Date: 16 Oct, 2024
Raised Amount: $10M