Mostaza

Mostaza is an emerging FinTech based in Colombia, aiming to expand its services across Latin America. The project's vision is to bridge the gap between traditional financial services and the benefits of Web3 technology, making these innovations accessible to everyday users. With a focus on simplicity and ease of use, Mostaza's mission is to provide tools that empower users to take control of their financial future.

The MVP of Mostaza will launch as a USDT wallet, allowing users to fund their accounts via bank transfers initially. The platform will manage the conversion between Colombian Pesos and USDT, providing a simple experience for users looking to buy or sell crypto. Users will also have access to a virtual card linked to their wallet balance, enabling them to make purchases both online and in-store, locally and internationally. Mostaza also offers an investment opportunity through the exchange of their USDT funds for USDM, a yield-bearing stablecoin provided by Mountain Protocol. This stablecoin will offer an annual APY of 4-5%, giving users a reliable way to grow their savings without the volatility typically associated with crypto tokens. By providing a consistent return, this feature aims to appeal to users looking for a safer, more traditional investment option while still leveraging the advantages of Web3 technology. It also allows users to set long-term savings goals, helping them to build wealth over time.