The Mento Labs team develops technology and solutions to enable real-world use cases of digital assets. Stable value digital assets are essential components of the Web3 economy, making the stable store and transfer of value possible without third-party intermediaries via fast, secure, and inexpensive transactions on-chain. In order to meet the increasing demand for remittances, mobile payments, savings, lending and borrowing in local currencies, users in emerging markets are turning to stable assets that are easily accessible via dApps on their mobile phones. The Mento Platform is designed to be at the heart of a multi-currency stable asset ecosystem, delivering innovative new use cases that support financial inclusion.

All Mento stablecoins have been launched based on a community proposal. Today Mento supports five fully decentralized Mento stablecoins with more coming soon. If you are interested in launching a stablecoin, please contact the Mento Labs team.

cUSD (Celo Dollar)

Celo Dollar (cUSD) is a Mento stablecoin that follows the US Dollar and is native to the Celo blockchain and the Mento Platform’s Reserve system. The Mento Reserve is a system of smart contracts that uses a portfolio of cryptocurrencies to expand and contract the supply of cUSD. cUSD is backed in part by Celo's native asset CELO, along with a basket of other digital assets, including BTC, ETH, and other stablecoins. Users can send and receive cUSD by using a supporting crypto wallet such as the Valora wallet, which can transfer Mento stable digital currencies directly to phone numbers.

cEUR (Celo Euro)

cEUR is a Mento stable digital asset that tracks the Euro. It allows users to transfer value faster, cheaper, and more easily on their smartphone. The cEUR asset’s crypto-backed Mento Reserve and algorithmic stability mechanism sets it apart from other Euro-pegged stablecoins by eliminating centralized credit and lowering counterparty risk.

cREAL (Celo Real)

cREAL is a decentralized, over-collateralized algorithmic Mento stablecoin that tracks the value of the Brazilian real. As with other Mento stablecoins, the cREAL is based on the Mento stability protocol on Celo, and supported by multiple digital assets, including BTC and ETH, in the Mento Reserve.

eXOF (CFA Franc)

The eXOF is a Mento stablecoin launched by Africa-focused payments company Dunia that tracks the value of the CFA Franc, a currency shared among 14 African states.

cKES (Kenya Shilling)

The cKES is a Mento stablecoin launched by a community initiative from Celo Africa DAO that tracks the value of the Kenya Shilling.

PUSO (Philippine Peso)

The PUSO is a Mento stablecoin launched by a community initiative from Celo Philippines DAO that tracks the value of the Philippine Peso. With PUSO, the Philippines proudly becomes the first Asian nation with a decentralized local currency stablecoin on Mento.