Mento's first cross-chain deployment will start with GBPm/USDm, bringing an oracle-based foreign exchange market to Monad. Mento allows users and institutions to trade the foreign exchange market on Monad in a predictable manner, leveraging real-world reference exchange rates to ensure reliable currency execution between traders, liquidity providers, and developers. Mento's launch on Monad coincides with the introduction of a liquidity incentive program.
Why Monad for the Forex Market, and Why Now?
Verified Forex Infrastructure
Mento's deployment enhances the Monad ecosystem, supporting borderless financial applications across currencies, from remittances to institutional settlement, relying on programmable foreign exchange and institutional-grade reliability:
What's Available on Monad at Launch
The British pound is one of the most actively traded currencies globally, and GBP/USD remains one of the highest-volume foreign exchange pairs worldwide. Starting with GBPm/USDm lays a solid foundation for expansion into other G7 and emerging market currencies, with more foreign exchange pairs to follow as liquidity grows.
Cross-Chain Expansion of the Forex Market
As foreign exchange activity migrates on-chain, the market needs infrastructure capable of scaling across ecosystems to avoid fragmentation of liquidity or pricing. Mento's launch on Monad marks the first step in expanding its foreign exchange model to multiple chains.
Mento's integration with Wormhole is designed to consistently scale foreign exchange liquidity and pricing across ecosystems, with other ecosystems slated to join Mento's expansion plans in the future.
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About Mento
Mento is a leading decentralized foreign exchange infrastructure for institutions and individuals, enabling the launch, trading, and on-chain settlement of global currencies with institutional-grade reliability. Mento provides programmable foreign exchange through transparent liquidity and real-world pricing, supporting use cases such as cross-border payments, treasury operations, and institutional settlement, enabled by an ever-expanding range of over-collateralized stablecoins and a transparent multi-currency platform.
Mento Labs is the core development team behind the protocol, focused on driving the growth of global on-chain foreign exchange.
About Monad
Monad is a high-performance EVM-compatible Layer-1 blockchain designed for high-frequency finance, supporting up to 10,000 transactions per second, sub-second finality, and low transaction fees. Its architecture supports more efficient payment flows and other transaction-intensive financial applications by reducing latency and increasing throughput, while maintaining compatibility with Ethereum standards. Operated by a decentralized, globally distributed network of validators, Monad provides a secure and scalable infrastructure for large-scale on-chain financial activity.