On The Brink with Castle Island Markus Franke and Denney Kwok (Mento Labs) on Stablecoins for FX (EP.628)
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May 26, 2025 Markus Franke, Founder and CEO of Mento Labs with a robust background in finance, and Denney Kwok, Chief Product Officer with experience at Google, dive into the world of stablecoins. They discuss the revolutionary impact of non-USD stablecoins on foreign exchange markets and how these digital assets can enhance efficiency and accessibility. The conversation also covers the potential for on-chain microlending in emerging markets, highlighting how technology can empower underbanked regions and reshape traditional finance.
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Mento's Diverse Stablecoin Offering
- Mento offers 15 stablecoins including G7 and emerging market currencies for diverse FX trades.
- This enables on-chain FX swaps with instant settlement versus traditional T+2 delays.
Local Currency Stablecoins for Microlending
- Local currency stablecoins reduce FX risk for microlending in emerging markets.
- Borrowers get loans in their revenue currency, avoiding costly repayments due to currency depreciation.
Non-Dollar Stablecoins Cut Payment Costs
- Non-dollar stablecoins optimize cross-border payments by reducing multi-currency conversions and spreads.
- Inefficient fiat-to-USD then USD-to-other currency conversions create unnecessary costs and delays.