Originally, I thought Mento Labs was just another "stablecoin project," but after diving deeper, I discovered they are creating an on-chain foreign exchange market, directly comparable to the traditional financial system.

You read that right, it's the foreign exchange market, with a daily trading volume exceeding $7.5 trillion, yet operations are still stuck in the logic of the last century with "T+2 settlement, trading on business days, and high fees."

What Mento is doing is as follows👇

✔ 24/7 on-chain trading, zero slippage

✔ One-click swapping of G7 + 15 stablecoins from emerging markets

✔ Multi-chain connectivity with Celo / ETH / Solana, unified access

✔ Partnering with MiniPay to serve over 8 million users, completing $15 billion in on-chain settlements

Most importantly, it's not just "empty promises"; it's really operational—700 million transactions, 8 million users, all completed on-chain, incredibly powerful.

Next, they will introduce CDP collateral to form a complete loop of stablecoin issuance + trading + settlement.

The stablecoin space is not lacking in excitement, but currently, the only one I see achieving real deployment + scalability is #MENTO .