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Mento Labs

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Category: DeFi

Mento Labs

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.
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Funding Rounds

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

Investors