what's Mento Labs?
Mento Labs is a blockchain company focused on enabling real-world adoption of digital assets through transparent and reliable stablecoin infrastructure. Built on the Celo network, it develops the Mento Protocol, a decentralized system for issuing overcollateralized stablecoins backed by diversified crypto assets. These stablecoins, such as cUSD, cEUR, and local currency variants like cKES, support applications in payments, micro-lending, and onchain foreign exchange (FX), particularly targeting emerging markets in Africa and beyond. The protocol utilizes mechanisms like the Mento Reserve for collateral management and integrates with oracles such as Chainlink for price feeds to ensure stability. Governance is powered by the MENTO token, which enables community voting and incentives for liquidity provision. Mento Labs emphasizes seamless integrations with wallets, ramps, and DeFi protocols to facilitate borderless transactions without traditional banking intermediaries.
Mento Labs is deploying to the Monad blockchain.
contract
celo
Featured on Tether's Public Map of USDₜ Ecosystem Worldwide
Deploying to Monad blockchain
Ledger Wallet integrates Mento Labs' five stablecoins (cUSD, cEUR, cCOP, cGHS, cREAL) for crosschain swaps. Swap Sprint campaign completes with 600+ participants.
Mento V3 audit competition launches on Cantina with $60,000 prize pool running until December 18, featuring new Fixed-Price Market Maker pools with programmatic rebalancing.
Celo ecosystem including Mento Labs achieves ATH stablecoin volume, and team presents at Ethereum World's Fair stage in Green Pavilion.
Uniswap v4 launches on Celo with onchain FX capabilities, bringing concentrated liquidity and hooks-powered innovation to the ecosystem. Celo ranks #2 among all chains in monthly stablecoin transfer count according to TokenTerminal, and Mento Labs receives representation at BlockSummitLA through Celo Colombia sponsorship.
Mento Labs founder joins panel discussion titled "Stablecoins and the Evolving Financial Stack" at Chainlink SmartCon on November 5, 2025, alongside founders from Elixir and Avant Protocol.
Bancor's Arb Fast Lane solver system integrates with Mento on Celo, enabling arbitrage execution through Mento's onchain FX liquidity to maintain price equilibrium across Celo DEXs.
Celo crosses 1 billion transactions and ranks #1 in active addresses across all L2s. MiniPay completes DaimoPay integration enabling deposits from 1200 assets across 20+ chains into Celo USDT without bridging or KYC, and MentoLabs leaders appear on Africa Tech Summit Podcast EP33.
Current metrics show 10M users, 400-500K active users per day, over 550M transactions in the past year, and 18B+ annual trading volume.
FX ID claims officially open on Discord with a referral points system for the upcoming FX ecosystem.
UseAzza launches support for cUSD. Published Mento Magazine New Year edition.
cAUD (Celo Australian Dollar) stablecoin launches and integrates with Carbon DeFi platform on Celo, expanding currency coverage to include Australian Dollar.
cAUD (Celo Australian Dollar) integrates with Carbon DeFi on Celo network, enabling limit orders, range orders, and auto-compounding liquidity strategies for the Australian Dollar stablecoin.
August growth highlights show TVL increased 286% and stablecoin trading volume surged 949%.
TVL surges 286% in August, placing protocol among top 10 fastest-growing DeFi projects by locked value.
Protocol gains institutional visibility through Nasdaq TradeTalks feature.
Platform now enables direct trading between 15 local stablecoins including KES/BRL pairs, expanding beyond previously known 7 tokens.
Protocol achieves $800M monthly volume with 49.5k unique active wallets, leading Celo ecosystem activity.
Daily active addresses surge 20x over the past week on Celo network.
Trading volume exceeds 50% of Hyperliquid's volume, demonstrating strong market adoption.
Integrates with Wormhole protocol and implements NTT token standard to enable native cross-chain burn and mint functionality for stablecoin FX operations.
Implements dual oracle system through Chainlink and Redstone integration for enhanced price feeds.
Integrates Chainlink price feeds while expanding to 18 supported currencies and stablecoins, including USDC and USDT.
Three additional stablecoins (CHF, NGN, JPY) launched, bringing total offering to 12 local currency stablecoins.
Colombian peso-backed stablecoin (cCOP) reaches 296 million tokens in circulation through protocol, while multiple new integrations expand ecosystem utility.
Large-scale incentive programs totaling $1.5M launch alongside announcement of three new stablecoins, while DEX volume surpasses $1B weekly.
Three new stablecoins launching on Celo blockchain in coming weeks, following recent launch of four stablecoins.
DEX volume surges 192% to $1.06B in 7 days, surpassing Avalanche and Polygon volumes.
Operational stablecoin in Kenya and two pilot programs for African franc-pegged tokens in development.
Ranks among top 5 applications by monthly active addresses in Celo ecosystem during Q1 '25 peak activity.