The Evolution of Mento: A New Chapter in Multichain FX

TL;DR

• All 15 Mento stablecoins are evolving from cXXX → XXXm.
• Asset names are changing too (e.g., Celo Dollar → Mento Dollar).
• This change reflects Mento’s shift to a multichain FX platform.
• No contract changes, no peg changes, no user action required.
• These changes are effective immediately, following the successful governance proposal.
  
  

We’re excited to announce an exciting new chapter for the Mento Platform: the official evolution of our entire stablecoin portfolio. This upgrade marks the beginning of a broader effort to unify Mento’s stablecoin architecture and expand its multichain FX infrastructure.

Mento stablecoins were born on Celo, where they helped pioneer mobile-first, accessible finance. Their original names, like “Celo Dollar” (cUSD), reflected that origin. Today, as Mento expands into a global, multichain FX network, the naming system is evolving to reflect the platform’s broader mission.

With this transition, both tickers and asset names now shift to Mento-centric, establishing a unified brand and paving the way for seamless multichain deployment.

Unifying the Mento Stablecoin Naming System

As Mento scales toward a multichain FX network, a consistent naming and ticker standard is essential. The new “m” suffix identifies each asset as part of the Mento stablecoin suite. 
‍

New Asset Names and Updated Tickers 

• Celo Dollar (cUSD) → Mento Dollar (USDm)
  
  
• Celo Euro (cEUR) → Mento Euro (EURm)
  
  
• Celo Kenyan Shilling (cKES) → Mento Kenyan Shilling (KESm)
  
  …and so forth across the full portfolio.
  ‍

‍

‍

Effective Immediately

These changes are already live, following the passing of the recent governance proposal.
‍

‍What Users Can Expect (No Action Required)

This update is purely a naming and branding upgrade, nothing changes about how Mento stablecoins work.

• All Mento stablecoins remain fully backed by the overcollateralized Mento Reserve.
  
  
• All pegs remain unchanged (e.g., USDm is still pegged 1:1 to USD).
  
  
• Smart contract functionality, protocol mechanics, and reserve operations remain the same.
  
  
• No new contract addresses; existing ones stay valid.
  
  
• DeFi positions, liquidity pools, and integrations are unaffected.
  
  
• Users, LPs, and developers do not need to take any action.
  
  

Participating exchanges and wallets, including MiniPay, Valora, and others, will automatically update balances to display the new names and tickers.
‍

Strategic Evolution of the Mento Platform

The rebranding is the first phase of the multi-stage Mento V3 upgrade, designed to future-proof the platform for institutional-scale FX and full multichain expansion.

Mento V3 will introduce:

• Zero-slippage onchain FX at offchain rates via Fixed-Price Market Makers (FPMMs)
  ‍
• Native Collateral-Debt-Position (CDP) based borrowing of Mento Stablecoins
  ‍
• Greater capital efficiency and improved reserve mechanics
  ‍
• New decentralized yield and FX liquidity opportunities
  ‍
• Native multichain interoperability
  ‍
• Reduced integration friction for builders and institutions
  
  

Mento V3 advances the protocol toward global, programmable FX at internet scale, bringing Mento closer to becoming the multichain FX protocol, powering institutions, apps, and users 24/7.

Support: contact@mentolabs.xyz

Twitter | Website | Blog | Docs | Discord | Telegram