Mento
Decentralized CDPsDecentralized exchanges (DEXs)
Mento
Mento is a decentralized FX protocol on Celo that issues 15 fiat-pegged stablecoins like USDm and EURm and runs onchain swaps against Chainlink rates.
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What is Mento?
Mento is a multi-currency stablecoin protocol on Celo where users swap between 15 fiat-pegged stablecoins — including USDm, EURm, GBPm, KESm, and NGNm — at Chainlink-quoted FX rates through Fixed-Price Market Maker pools. USDm and EURm are backed by an over-collateralized Mento Reserve held at roughly 3:1, while local-currency stables like GBPm are issued through CDPs. The protocol processed about $19B in trading volume in 2025.
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