Mento

Mento is a stablecoin protocol on the Celo blockchain, designed to provide stable, diversified currency options pegged to various fiat currencies. It enables fast, low-cost mobile payments globally, particularly aiding regions with unstable currencies. Mento supports the creation of stablecoins like cUSD, cEUR, and the newly added cKES and PUSO, each pegged to respective local currencies including the Kenyan Shilling and Philippine Peso. The protocol uses a decentralized, algorithmic reserve system to maintain the stability of these assets, adjusting supply to match demand. It offers functionalities like remittances, FX trading, and microloans, enhancing accessibility to financial services without traditional banking. Mento's mission revolves around financial inclusion, leveraging blockchain for real-world benefits. Through its governance token, the protocol ensures ecosystem sustainability, aiming to onboard a billion web3 users and championing access to decentralized finance globally.