Building the future of onchain FX. Working on @Celo as Head of Stablecoins and on @MentoLabs (co-founder). Prev. MD @cLabs & somewhere in TradFi

Joined February 2021
176 Photos and videos
Great weeks in NYC: the Knicks rule, @stable_summit, @ethconf, @AgenticSummit, @Techweek_. Spoke on stablecoin adoption, onchain FX as a core primitive for agentic finance, and gave a talk on @Celo @MentoLabs's approach to local currency stablecoins. Two things accelerating right now: - Institutional flows coming onchain as infra matures. - Agents needing to transact natively in digital currencies → new stablecoin demand layer. Onchain FX on Celo is the connective tissue for both. Exciting times.
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MarkusMento ◘ fx/acc retweeted
Jun 10
The @MiniPay Card makes spending stablecoins easy everywhere, even at a New York City hot dog cart 🗽 Just outside the @EthConf venue, we bought water w/ USD₮ on Celo to show what we mean ↓
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Jun 10
Replying to @growthepie_eth
Celo Nova Mothership is the most reviewed agent across the @Ethereum ecosystem! If you’re building agents, build on Celo for real utility & global scale @CeloDevs Onchain Agent Hackathon submissions are open until June 15th - $5K in bounties available: bit.ly/OnchainAgentsHackatho…
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Some exciting recent @Celo community highlights: 🟨 Celo lands in NY for @EthConf with COO Elizabeth Peng is presenting "Rails for the Real World" and Head of Stablecoins @MarkusMento, say hi if you're in NYC! 👋 🔰 @Bancor announces MCP that combines Carbon DeFi’s trading & liquidity management with Celo stables and user friendly agentic DeFi. 🪪 @SelfProtocol’s @RegenRene publishes The Compute Divide, an article that makes the case for Universal Basic Compute made possible by Self’s identity infra 🧱 @PlayBlokaz, onchain block puzzle game, launches on @MiniPay 👷 @CeloDevs announces that builders building agents on Celo can submit the same project to both Onchain Agents Hackathon and Proof of Ship with a total of $10K in bounties ⚖️ @MarkusMento speaks at @Stable_Summit about FX moving onchain with @Celo, @MentoLabs, @UpDownxyz, and USAT on Celo ❇️ @8004_Scan top agents have 3 out of 5 top 8004 agents running on Celo 🟣 @MentoLabs posts Mento Weekly highlighting $988.7K in v3 volume with $12.56M traded since launch and $2.75M in TVL across 15 live FPMM pools 🧑‍💼 @LeonWaidmann highlights @growthepie_eth graph of Celo up 41% in users in the last 365 days 🟠 @Prezenti_Grants is accepting grants through June 30 in their Boost, Anchor, and Frontier grant tracks 🇨🇴 @Celo_Col announces 3 week mixed IRL and online onchain Agents Hackathon with 3M in $COPm in prizes 💾 @NanaMoneyApp goes live on Google Playstore to unlock USDC and USDT Celo stablecoin utility in Kenya 🇰🇪, Nigeria🇳🇬, Uganda🇺🇬, Malawi🇲🇼, DR Congo🇨🇩 & Ghana🇬🇭 What did I miss?
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“Stablecoins are becoming a very important part of the market coordination for FX” - @yosephayele at @ethconf
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Jun 8
Gm, @ethconf! 🌇 Celo Core Co. COO Elizabeth Peng is presenting "Rails for the Real World" today at 5:30pm. Learn more about Celo's global payments stack: from identity & wallets to stablecoin infrastructure (cc: @Selfxyz, @MiniPay, @Valora, @tether) 🎟️ ethconf.com/#tickets
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So @MorganStanley is certainly ready for SpaceX! Exciting week ahead!
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…My Christian’s Dior… let’s see if the Knicks can make it in four. Looking forward to tomorrow. Ah, and @ethconf is starting 🙌
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Let's meet @ethconf
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New Project Report: January - May 2026 We know it can be hard to keep up with everything happening: updates are scattered across X, blog posts, governance forums, newsletters, Discord, etc. So we're kicking off regular project reports to pull everything into one place. The first report is now live, covering January through May 2026. V3 went live, our first deployment beyond Celo on Monad and where onchain FX goes from here. Have a read and tell us what you want to see next. Link below.
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Over the last 24 hours I've gotten a wave of DMs from @Cardano builders asking about @Celo and why they should consider building here. Great to see, so here's a rundown of what's going on and why now is a good time to take a look @MiniPay continues to drive a ton of usage and activity on Celo, with 15M users. We're humbled to have a partner like @Opera, the publicly traded NASDAQ company behind it, and a lot of builders in our ecosystem have had real success deploying mini apps to MiniPay and seeing substantial traction Agentic use cases keep getting more popular too. Look at the leaderboard on 8004scan.io: across the entire Ethereum ecosystem, it's effectively just Celo and Base that have attracted builders for the agentic economy. If you're doing anything with agents, check us out Closely related is @selfxyz, a zk identity protocol that lets you create privacy-preserving zk proofs derived from your biometric passport or other forms of ID. Great for privacy-preserving Sybil resistance or OFAC compliance, or for a fun meme coin idea where you want to airdrop only to people with a certain first name, age, or eye color Because we have so many local-currency stablecoins, including all the ones from the @MentoLabs protocol, Celo has increasingly become a great place for on-chain FX. You'll find @Uniswap, @VelodromeFi, and @CurveFinance, plus UpDown.xyz, the perp dexes focused on levered trading of FX assets. And one more exciting update: USAT is coming to Celo. We already have native USDT and USDC, and soon Celo will be the first chain after Ethereum to receive native USAT, the GENIUS Act-compliant stablecoin launched by @tether in partnership with @Anchorage Any questions, ask here or DM me. We're here to help
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Onchain FX is not a niche. Check out my talk on stablecoins, onchain FX, @Celo, @MentoLabs, @updownxyz and USAT on Celo.
Onchain FX is not a niche. Markus Franke (@MentoMarkus) on why the world's largest market is moving on chain, what multi-currency stablecoins unlock, and why product market fit matters more than liquidity depth:
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Let’s go Knicks. Great vibes in the city for @Techweek_
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Building at the intersection of AI and crypto? Join us! With 3 out of 5 of the top 8004 agents running on @Celo, you will be in good company
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Looking forward to that panel today. Payment rails, digital currencies, FX and how those affect agentic commerce.
Speaking at @AgenticSummit NYC on payment rails for agent commerce. The question I'd bring up is about agentic infrastructure. Agentic payments need boring infrastructure before they feel safe. can the agent understand the product? access it through an API? pay for it clearly? operate within limits? leave an audit trail? In finance, UX is also the API, pricing page, permission model, and receipt. On the panel with @PetrHluze, @_rishinsharma , @philip0x and @MentoLabs .
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NYC week incoming 🗽 @AgenticSummit@stable_summit@Techweek_. Stablecoins and onchain FX are having a moment, mega excited to be in the middle of it. Thanks Lufthansa for getting the German national team and me across the Atlantic 🇩🇪✈️
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Jun 1
🗞️ @MarkusMento, Celo core contributor & former Chief Economist at @cLabs, returns as Global Head of Stablecoins! An early architect of Celo's payment rails, Markus will lead crypto's most widely used stablecoin network & accelerate onchain FX 💱 bit.ly/MarkusFranke
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Onchain FX on @Celo, in one tweet: 💵 Stablecoins for 15 currencies (USD, EUR, JPY, KES, NGN, BRL, COP, ZAR more) via @MentoLabs and others 🏦 Native USDC, USDT, and soon USAT 🔁 Spot via @Uniswap v4 hooks and Mento's new DEX 📈 FX perps on @Updown_xyz
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Some exciting recent @Celo community highlights: 🟨 Celo upgrades OP-Succinct Lite on mainnet to use SP1 Hypercube from @SuccinctLabs to reduce proof of latency and improve efficiency 🔷 Celo joins @Ethereum’s Open Intents Framework vision for composable, permissionless intents 📰 @BSCNews highlights Celo’s progress in 2026 including 1.3B tx, peak user count of ~840k, and @MiniPay with over 15M registered wallets and more! 🪶 @Featherlend, powered by @Morpho, enables XAUt0 collateral to borrow USDT on Celo with borrow rate 1.67%—nearly ~60% cheaper than rates on Ethereum for XAUt0/USDT (4.03%) 🦸 @SuperchainEco highlights Celo’s total active addresses crossing 19M and @Stablecoin added Celo to its orchestration platform 🟠 @Prezenti_Grants gives Boost Grant to @Jokers_of_Neon, a card game where poker meets deckbuilding 📲 @MiniPay makes tracking digital gold easier by adding XAUt0 balance to wallet home screen 🔰 @Bancor announces Stable-to-Stable rewards on @CarbonDeFixyz, existing $USDm / $USDGLO qualifying strategies keep earning automatically as the next phase goes live. 🟣 @MentoLabs and @Messari launch Onchain FX Initiative with an open directory to track issuers & applications driving local digital currency adoption ⚖️ @StabilaFnd announces @Merkl_xyz incentive campaign with 13% APY on Celo-native @Uniswap pools with CELO, stCELO, USDT, wETH, wBTC 👷 @CeloDevs kicks off Onchain Agents hackathon and welcomes all builders to their office hours for builders participating in the hackathon or Proof of Ship What did I miss?
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FX is the world’s largest market, yet much of its infra still operates on fragmented settlement rails. Project Agorá is another signal that tokenized, atomic, cross-border settlement is becoming strategically important for global finance.
🔥 BIG: The Bank for International Settlements and partner banks are set to begin live testing its blockchain cross-border payments prototype with real-value transactions under Project Agorá.
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