Mento Expands Its Reserves with Agora's AUSD

‍Mento Protocol adds Agora's AUSD to its dollar denominated assets already in its reserves and introduces programmatic cross-chain rebalancing, starting with its non-Celo deployments.

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BERLIN, Germany, June 22, 2026 – Mento Protocol (Mento), the decentralized FX infrastructure that processed USD 18.5B in trading volume in 2025, has added Agora's AUSD as a USD-denominated reserve asset, expanding the collateral that backs its reserves and automating how those reserves rebalance across chains. AUSD is a fully reserved USD-denominated stablecoin issued by Agora Bermuda Limited, with its reserve managed by VanEck and custodied at State Street. 

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Mento stablecoins are backed by a publicly verifiable, over-collateralized reserve. USDm and EURm are backed by the main reserve, which includes a diversified pool of high-quality USD- and EUR-denominated assets. Mento local-currency stablecoins, such as GBPm and JPYm, are minted through collateralized debt positions introduced with Mento V3, where a user locks USDm to mint the local currency. As a result, all Mento markets benefit from USDm’s underlying. AUSD further strengthens the underlying multi-asset reserve by providing a fully reserved USD-denominated stablecoin, with reserves managed by VanEck and custodied at State Street.

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With this integration, the USD exposure of the Mento reserve extends beyond USDS. Where available, our programmatic reserve rebalancing algorithms will favour AUSD, while maintaining liquidity in all supported forms of USD collateral for redemption. 

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As of June 22, 2026, the reserve holds USD 4.5 million in AUSD, accounting for approximately 23% of the total reserve and making it the second-largest USD-denominated asset after sUSDS.

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"We've built the Mento reserve to scale securely as we add currencies and chains, and that comes down to the quality of the dollar assets in it. Agora's AUSD has deep liquidity, is managed by institutional-grade partners and redeemable. Adding AUSD provides the Mento Protocol with a second USD-denominated asset while keeping the highest level of quality," said Bogdan-Radu Dumitru, CEO at Mento Labs.

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"Onchain stablecoin activity is still almost entirely dollar-to-dollar. FX between currencies is an increasing market, and the Mento Protocol is the infrastructure that makes those markets work onchain. We want AUSD backing the dollar side of the trade as the infrastructure grows," said Nick van Eck, CEO and Co-Founder at Agora.

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‍Media Contact: press@mentolabs.xyz

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About Mento

The Mento Protocol is the leading decentralized FX infrastructure for institutions and individuals, enabling developers and institutions to launch, trade, and settle global currencies onchain with institutional-grade reliability. The Mento Protocol provides programmable FX via transparent liquidity and real-world pricing from trusted oracles, supporting use cases such as cross-border payments, treasury operations, and institutional settlement through an expanding set of stablecoins and a transparent, multicurrency platform. Mento Labs is the core development team behind the Mento Protocol, focused on advancing global onchain FX.

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About Agora

Agora is a stablecoin issuer and infrastructure platform building the monetary network for global payments. Agora issues AUSD, an enterprise-grade, fully backed US dollar stablecoin. Built for treasurers, CFOs, and founders of global businesses, Agora provides the infrastructure for payments and treasury management with the goal of creating more efficient payments, settlement, treasury, and cross-border flows.

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