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GasInTheHourglass

Mento's founder personally steps in to lead the Celo stablecoin business; this move is quite bold.

CELO1.77%
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MeNews
Celo appoints co-founder of Mento Labs as head of stablecoin operations, with USAT launching natively
ME News Report, June 1 (UTC+8), Celo Core Co. announced the appointment of Dr. Markus Franke as the Global Stablecoin Business Lead, responsible for advancing Celo's on-chain stablecoin strategy, including partner expansion, new stable asset issuance, and institutional adoption. Markus previously co-founded Mento Labs. Additionally, Celo will support the issuance of the native USAT (a USD stablecoin issued by Anchorage Digital Bank and backed by Tether). Mento Labs was previously spun off from Celo's core development company cLabs in 2022, focusing on local currency-pegged stablecoins in emerging markets, and has led the issuance of the first Brazilian real-pegged stablecoin.
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