Mento Expands Global Onchain FX Access with Five New Decentralized Stablecoins
May 5 2025
by Victoria Calmon
Announcing the availability of five new stablecoins on the Mento Platform - unlocking seamless, onchain foreign exchange (FX) trading across key global markets. These additional stablecoins on Celo bring the power of transparent, efficient, decentralized, and borderless finance to even more users around the world.
Now live on Mento:
🇬🇧 cGBP (British Pound)
🇦🇺 cAUD (Australian Dollar)
🇨🇦 cCAD (Canadian Dollar)
🇿🇦 cZAR (South African Rand)
🇬🇭 cGHS (Ghanaian Cedi)
🇨🇴 cCOP (Colombian Peso)
🇵🇭 PUSO (Philippine Peso)
🇰🇪 cKES (Kenyan Shilling)
🌍 eXOF (West African Franc)
🇧🇷 cREAL (Brazilian Real)
🇪🇺 cEUR (Euro)
🇺🇸 cUSD (Dollar)
Building the Future of Onchain FX
With these new stablecoins, Mento becomes one of the most globally diverse platforms for onchain FX trading. Users and institutions can now access an expanded range of currency pairs - including several of the world’s top 10 most traded - directly onchain, with the speed, transparency, and security of DeFi.
Growing Portfolio of Mento Decentralized Stablecoins Unlocks:
- Instant onchain FX trading, 24/7: No banks, no borders, no waiting. Users can swap between global and local currencies anytime, anywhere.
- Lower costs, fewer intermediaries: Removes hidden fees and delays typical of traditional FX services.
- Transparent pricing: Onchain oracles ensure real-time, tamper-resistant price feeds.
- New trading opportunities: Access a broader set of currency pairs, arbitrage paths, and hedging strategies.
- Programmable money: Partners and builders can integrate cross-currency logic into dApps and smart contracts with ease.
A Step Toward Global Currency Interoperability
Traditional FX markets are siloed, expensive, and largely inaccessible to everyday users. In contrast, Mento’s FX infrastructure is decentralized, transparent, accessible 24/7 with near instant settlement and permissionless, designed for a truly global financial system.
The launch of additional decentralized local currency stablecoins on Mento supports real-world use cases such as:
- Cross-border payments, global payroll and remittances
- Algorithmic trading and arbitrage strategies
- Multi-currency DeFi applications
- Onchain treasury management for DeFi platforms and DAOs
- Local payments in trusted stable local currencies
What This Means for the Mento Ecosystem
Mento now offers one of the broadest selections of stable, fiat-pegged local currency decentralized stablecoins available onchain. This opens the door to building a robust and scalable FX infrastructure that’s community driven with decentralization at its core.
Where to Access Mento Decentralized Stablecoins
Mento decentralized stablecoins — including cGHS, cGBP, cAUD, cCAD, cZAR, and more — is now easily accessible through the Mento Asset Exchange as well as trusted partners like Squid, Valora, and OpenOcean.
Beyond trading, users can actively participate in the ecosystem by providing liquidity to Uniswap pools on Merkl and earning rewards for supporting key stablecoin pairs. Explore these opportunities below for new Mento stablecoins:
As liquidity builds, new tools and incentives will be rolling out for market makers, traders, and developers to make the most of this expanded FX functionality.
Welcome to the future of FX on Mento - fast, efficient, and fully onchain.
Stay Connected
Follow Mento on X and join the Mento Community on Discord for updates on rewards, incentive campaigns and liquidity programs.
Discover more
Mento Adopts the Chainlink Data Standard to Power Decentralized Stablecoins
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Mento: Building the Future of Onchain FX
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Mento Labs Announces $10M Fundraise and Decentralized Local Currency Stablecoin Roadmap Across 3 Regions
October 16 2024
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