Odaily News Mento Labs, the development team of Mento, a decentralized EVM platform on the Celo network, announced the completion of a $10 million financing round, with participation from T-Capital, HashKey Capital, Richard Parsons, Flori Ventures, No Limit Holdings, Verda Ventures and w3.fund. Mento Labs also announced a stablecoin roadmap, planning to launch the Philippine Peso stablecoin PUSO, the Colombian Peso stablecoin cCOP and the Ghanaian Cedi stablecoin cGHS. According to the project documentation, the Mento Stability Protocol can be viewed as an over-collateralized, decentralized and transparent stable asset mechanism. The protocol leverages crypto reserves to allow users to adjust the supply of Mento stable assets based on changes in demand. Users can swap between Mento stable assets and reserve collateral assets. (CoinDesk)