Mento: The Evolution of Stablecoins in FX Markets

This chapter explores the development of Mento, a stablecoin project that has expanded from creating currencies for Celo to offering a variety of stablecoins for global markets. It discusses the implications of stablecoins in foreign exchange trading, emphasizing their role in enhancing efficiency and accessibility, particularly in high-inflation regions. The chapter also highlights the potential of localized stablecoins in revolutionizing payment systems and micro-lending, underscoring the transformative impact of on-chain technologies in the financial landscape.