Hassan Maishera
On Wednesday, the Chainlink team announced via X that Mento Labs, an onchain FX and stablecoin platform, has adopted the Chainlink data standard on Celo. Chainlink Price Feeds help power the over $20B in annualized volume transacted through the Mento protocol.
By integrating Chainlink Price Feeds, Mento gains access to high-quality, tamper-proof pricing data needed to price token swaps between various digital currencies on the Mento Asset Exchange, a virtual AMM. This gives Mento users strong assurance that onchain prices track off-chain Forex rates as closely as possible.
Via tamper-proof market data, Chainlink Price Feeds now power the following tokens and stablecoins supported by Mento: cAUD (Australian Dollar), cCAD (Canadian Dollar), CELO, cCHF (Swiss Franc), cCOP (Colombian Peso), cEUR (Euro), cGBP (Great Britain Pound), cGHS (Ghanaian Cedi), cJPY (Japanese Yen), cKES (Kenyan Shilling), cREAL (Brazilian Real), cUSD (US Dollar), cZAR (South African Rand), eXOF (West African CFA Franc), NGN (Nigerian Naira), PUSO (Philippine Peso), USDC, and USDT.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 2.7% over the past 24 hours, trading at $16.32 at press time.
