Next Wave of Mass Adoption via Local Stables
summary
Mento is an open-source EVM platform that lets anyone mint and redeem local stablecoins with on-chain oracles, visible collateral and an integrated AMM to swap into dollar or local currency. Live issuances already include a Brazilian real, West African franc, euro and dollar stablecoin, with naira, Kenyan shilling and peso coming. Microloans are live in Africa using local stablecoins, remittance costs cited at ~20–23% Germany→Ghana, and on some chains transfers cost under one basis point.
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chapters (11)
- 0:00Local stable coin adoption
- 1:12Non-dollar stable coins matter
- 2:35Inflation drives stable coin use
- 4:01Local currency loans
- 5:27FX trading with stable coins
- 6:10Microloan projects in Africa
- 7:18Crowdfunding via stable coins
- 8:04Mobile wallets & remittances
- 8:46Stable Coin Factory
- 9:54Reducing transfer costs
- 11:00Closing remarks
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