Mento Labs: $7.5 trillion flows through the global foreign exchange market daily—yet the system still operates on an outdated framework characterized by a five-day trading window, T+2-T+5 settlement, high fees, and opaque operations.
Mento is changing all of this.
This is an on-chain stablecoin protocol purpose-built for foreign exchange. Core to its core, it combines on-chain liquidity pools with fixed-price market makers (FPMMs) and oracle pricing, providing a comprehensive, 24/7, cross-chain, zero-slippage on-chain foreign exchange solution.
🌍 Global Presence: 15 stablecoins have been launched, covering G7 countries and multiple emerging markets (such as the Japanese Yen, British Pound, Canadian Dollar, Australian Dollar, South African Rand, and Nigerian Naira).
🔁 Real-World Applications: Partnering with MiniPay (the Celo ecosystem wallet), the platform has reached 8 million users, processed 700 million transactions, and handled $15 billion in trading volume.
⚙ Mature Technical Architecture: The FPMM (Fixed Price Market Maker) design ensures zero-slippage transactions, and the oracle-based on-chain pricing is transparent and verifiable, completely eliminating off-chain black boxes and settlement delays.
🪙 Reasonable Governance Token Model: Utilizing a "fee buyback + burn" mechanism, the token has a real value accumulation logic.
Institutional Investment Backing: Investors have been secured from Hashkey Capital and No Limit Holdings, whose portfolio includes top projects such as Ethena, Sei, Sage, Resolv, and Berachain.
In addition, 7 new stablecoins were added in Q2 (cJPY/cGBP/ cAUD / cCAD / cCHF / cZAR / cNGN), supporting currencies expanded to 15.
Monthly trading volume exceeded $6 billion in May, with over 200 million transactions.
Appeared on the renowned crypto fund Castle Island Ventures' podcast, "On the Brink," focusing on the topic of "foreign exchange stablecoins."
Partnering with Wormhole, we support multi-chain interoperability, with integration between Celo, ETH, Solana, and other chains imminent.
Mento V3 will soon be launched, supporting CDP-collateralized stablecoin issuance, entering a higher-level phase of monetary infrastructure development.
Stablecoins are becoming a core channel for stable wealth to flow into Web3, and $Mento aims to bring the largest piece of the "fiat FX market" onto the blockchain.
With real revenue, mature products, and a strong background, a project of this caliber is highly likely to become a representative project of the triple explosion of "major exchange listing + leading protocol + Narrative focus."
#mento