How to Convert Stablecoins to Local Currencies Onchain

Drew Rogers sits down with Denney Kwok, Chief Product Officer at Mento Labs, to explore how they're solving the missing piece of on-chain FX infrastructure—enabling real-world exchange rates between 15+ global currencies directly on blockchain.

Mento Labs has built what was previously impossible: trading stablecoins at actual FX rates without slippage. Their Fixed Price Market Maker (FPMM) infrastructure brings institutional-grade foreign exchange on-chain, powering everything from cross-border payments to global payroll systems.

Key Topics Covered:

- Why AMMs fail for real-world currency exchanges
- How FPMMs enable trading at actual FX rates (not pool-dependent pricing)
- The infrastructure powering 15 local stablecoins from G7 to emerging markets
- Partnership with Opera MiniPay serving 9 million users in Africa
- Converting USD stablecoins to Kenyan Shillings without touching traditional rails
- Democratizing institutional FX rates for anyone with internet access
- Building the missing layer for global neo-banks and super apps



This conversation is part of Dynamic's Stablecoin Playbook series, featuring builders solving real infrastructure challenges.

Download the full playbook: https://www.dynamic.xyz/2025-stablecoin-playbook