Following the successful launch of cGBP, cAUD, cZAR, and cCAD stablecoins, this proposal completes the stablecoin expansion initiative with the launch of cCHF, cNGN, and cJPY. This final phase fulfills the vision of introducing seven new local currency stablecoins for G7 and key African markets, as outlined in the original forum discussion. This proposal builds on the previous work:
The proposal includes transactions that when executed will do the following:
For a detailed explanation of the transactions involved in this process, please refer to the following forum post.
Pleae refer to the forum post for a detailed description of the proposed changes.
Please refer to the forum post for a detailed description of verification steps.
There are some risk factors to take into account when launching new stablecoin:
In conjunction with the Mento team the contract changes have been thoroughly tested, in addition to putting tight limits and circuit breakers during the initial launch phase to protect the Mento Reserve and holders of the new stable coins.