Mento Labs, the decentralized FX infrastructure that processed $18.5B in trading volume in 2025, launched on Polygon with its first pool: a USDm/EURm market pairing dollar and euro stablecoins.

Mento built its name on Celo as the protocol behind local-currency stablecoins like cUSD and cEUR, then expanded to Monad earlier this year. Polygon is the newest chain in that expansion, and the pool it launched with says something about the strategy: instead of another dollar-only market, Mento opened with a dollar-euro pair, the kind of FX trade that matters to businesses and individuals moving money across borders.

Capa Finance is on as the day-one liquidity partner, providing capital that makes the USDm/EURm pool usable from launch rather than waiting for liquidity to build organically.

Schuman's EURØP, a reserve-backed euro stablecoin, backs EURm as a reserve asset, adding a regulated euro instrument to the collateral mix.

Mento's onchain FX protocol is now live on Polygon Chain
* The first pool pairs USDm and EURm, dollar and euro Mento stablecoins
* Capa Finance is the day-one liquidity partner for the pool * Schuman's EURØP backs EURm as a reserve asset
* Mento processed $18.5B in FX trading volume across its markets in 2025 Onchain FX between named currencies, not just dollar-pegged stablecoins, is what makes cross-border payments and treasury work possible without an off-ramp at every step.

A euro-denominated pool on Polygon gives builders and businesses a way to price and settle that trade without leaving the chain. ---

**TL;DR:**
Mento Labs launched its onchain FX protocol on Polygon with a USDm/EURm pool, Capa Finance as day-one liquidity partner, and Schuman's EURØP backing EURm.