Mento Stablecoin Rebranding and Strategic Evolution

Governance
1

Hi everyone,

We’ve just published a major proposal on the Celo Forum outlining two strategic changes for the Mento Protocol:

  1. Stablecoin Rebranding:
    We’re proposing to rename all Mento stablecoins using a unified naming convention — for example, cUSD becomes USDm, cEUR becomes EURm, etc.
    This aligns with our multichain strategy and reinforces Mento’s identity as a cross-chain FX infrastructure.

  2. CDP-Based Stablecoin Transition:
    We propose to transition all Mento stablecoins (except USDm) from the current reserve-backed model to a CDP-based model base on Liquity v2, where minting happens via collateralized debt positions anchored on Celo.

This brings capital efficiency, decentralized yield, and native multichain functionality — all while driving more TVL and utility to the Celo ecosystem.

Read and comment on the full post here:
Celo Forum: Mento Stablecoin Rebanding and Strategic Evolution

You’re welcome to leave feedback either here or on the Celo Forum — we value your thoughts and want to hear from all parts of the community. A formal Mento Governance Proposal will follow after community feedback.

Thanks,
The Mento Labs Team

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2

Awesome. Hopefully Mento V3 will be a major wave that sweeps the FX onChain niche. The rebranding is very crucial and timely.

GMento

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3

Hey all! MGP-12 is now live for voting:

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