Mento Labs, the team behind Mento, a decentralized EVM platform for launching and operating stable assets on Celo, announced its $10M raise supported by T-Capital, HashKey Capital, Richard Parsons, Flori Ventures, No Limit Holdings, Verda Ventures and w3.fund. According to the team: "Mento also published a stablecoin roadmap outlining the addition of local digital currencies PUSO (Philippines), cCOP (Colombia) and cGHS (Ghana) to its growing roster of decentralized stablecoins." According to the project documentation: "The Mento stability protocol can be thought of as a mechanism for over-collateralized, decentralized and transparent stable assets in which a crypto reserve is used to allow users to adjust the supply of Mento stable assets in response to changes in demand. The protocol allows users to exchange Mento stable assets with reserve collateral assets." The Mento reserve was previously called the Celo reserve.