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USDSM is a digital dollar issued by Stable Mint, a licensed European financial institution. Each USDSM token is backed 1:1 by US dollar reserves, meaning every token in circulation represents one US dollar held securely in reserve.

USDSM is classified as an Electronic Money Token (EMT) under the European Union's Markets in Crypto-Assets Regulation (MiCA). This is a specific legal category of digital asset — regulated as electronic money, not as a speculative cryptocurrency.

As an EMT, USDSM carries the same legal protections as traditional electronic money, including the right to redeem your tokens for US dollars at par value at any time.

EURSM, Stable Mint's euro stablecoin, works in exactly the same way: each token is backed 1:1 by euro reserves and carries the same legal protections.

USDSM and EURSM are issued by Stable Mint, a licensed Electronic Money Institution (EMI) authorised and supervised in Europe under MiCA.

Stable Mint is regulated by the Malta Financial Services Authority (MFSA) and operates under ongoing supervisory obligations, including capital requirements, reserve management standards, and compliance with European Anti-Money Laundering regulations.

Stable Mint is a regulated financial institution with a verifiable licence — not a decentralised protocol or anonymous organisation. You can verify Stable Mint's regulatory status through the MFSA's public register.

Yes. Both are issued under MiCA, the European Union's dedicated regulatory framework for crypto-assets, which came into full effect in 2024. MiCA establishes uniform rules across all 27 EU member states for the issuance and supervision of digital assets.

As Electronic Money Tokens, USDSM and EURSM are classified as electronic money under EU law. This classification comes with mandatory consumer protections, including the right to redeem tokens at par value at any time, requirements for reserve asset safeguarding, and ongoing regulatory supervision of the issuer.

For partner platforms operating in regulated markets, this regulatory foundation is what makes them a compliant settlement layer.

The key difference is regulation. USDSM is an Electronic Money Token issued under MiCA — the EU's dedicated regulatory framework for crypto-assets. This classification comes with specific legal requirements that most stablecoins do not meet.

Regulatory status. USDSM is issued by a licensed EMI under direct regulatory supervision. USDT (Tether) does not hold MiCA authorisation and is not compliant for use as a settlement token within the EU.

USDC (Circle) holds MiCA authorisation via a separate EU entity, making it one of a small number of compliant alternatives.

Reserve safeguarding. USDSM reserves are governed by MiCA Article 54 — legally segregated from Stable Mint's operating funds, with a minimum of 30% held in EU credit institution deposit accounts.

Token holders have a legal claim on reserves in an insolvency scenario. This level of reserve protection is a regulatory requirement, not a voluntary commitment.

Right to redeem. Under MiCA, USDSM holders have a statutory right to redeem their tokens for US dollars at par value at any time. This right is enshrined in EU law — not dependent on the issuer's terms and conditions.

Vertical integration. Unlike USDT and USDC, which are tokens you hold but need third-party infrastructure to use, USDSM is part of a complete payment platform.

You can accept payments, settle, hold, convert, and pay out — all through Stable Mint. The token and the infrastructure are built together.

Yes. Every USDSM in circulation is backed 1:1 by US dollar reserves, and every EURSM by euro reserves. These reserves are held in accordance with MiCA Article 54, which sets strict requirements for how Electronic Money Token issuers must manage reserve assets.

Under these requirements, a minimum of 30% of reserve funds must be held in segregated deposit accounts at EU credit institutions. The remainder is held in secure, low-risk, highly liquid financial instruments denominated in the reference currency.

Reserve assets are safeguarded and legally ring-fenced from Stable Mint's own operating funds. This is a regulatory obligation, not a voluntary policy.

MiCA imposes rigorous requirements on how Electronic Money Token reserves are held and managed. Stable Mint is required to maintain reserves in compliance with Article 54, subject to ongoing supervisory oversight by the Malta Financial Services Authority.

Reserve assets must be safeguarded, segregated from the issuer's operating funds, and held to strict composition and liquidity standards. As an authorised EMI, Stable Mint is subject to regular regulatory reporting requirements and examination of its reserve management practices.

The regulatory framework itself — with its mandated safeguarding rules, supervisory oversight, and enforcement mechanisms — provides the structural assurance that reserves are maintained as required.

Under MiCA, Electronic Money Token reserves are legally safeguarded and segregated from the issuer's operating funds. In an insolvency scenario, token holders have a claim on the reserve assets.

This is fundamentally different from unregulated tokens, where holders may be treated as unsecured creditors with no priority claim.

Beyond the regulatory protections, the USDSM and EURSM smart contracts include additional security features. They are pausable, allowing emergency shutdown if necessary, and include compliance controls for fraud prevention.

They are also built on an upgradeable architecture, so vulnerabilities can be addressed without disruption. Stable Mint operates under continuous regulatory supervision throughout.

USDSM and EURSM are natively issued on Etherlink, a Tezos Layer 2 network that is fully EVM-compatible. Both tokens follow the ERC-20 standard, meaning they can be held in any compatible wallet and transferred on-chain like any other ERC-20 token.

Both are also available on Ethereum, Base, and Arbitrum via LayerZero, built as Omnichain Fungible Tokens (OFT) — a token standard developed by LayerZero that enables native cross-chain transfers.

Unlike wrapped tokens, which create a synthetic representation on the destination chain, OFT uses a burn-and-mint mechanism: tokens are burned on the source chain and natively minted on the destination chain. This means every token on every chain is a real one — not a wrapped derivative — maintaining a unified supply across all networks.

You are free to hold, transfer, and use USDSM and EURSM on any supported network. Redemption for fiat currency is handled through your Stable Mint account.

USDSM can be exchanged through several channels:

Stable Mint platform. The simplest route. Your account comes with its own IBAN and wallet address: deposit EUR or USD by bank transfer, or send USDSM or EURSM on Etherlink to credit your USD or EUR balance.

From there, convert between currencies or pay out to your own bank account at any time.

Curve Finance. USDSM is available in a stablecoin liquidity pool on Curve, one of the largest decentralised exchanges for stablecoin swaps. You can swap USDSM for other stablecoins directly on-chain via the USDSM Curve pool on Etherlink. EURSM also has live liquidity on Curve.

Jumper Exchange. For cross-chain swaps and bridging, USDSM is available on Jumper Exchange, which aggregates liquidity across chains and protocols — allowing you to swap or bridge USDSM in a single transaction.

As USDSM is an ERC-20 token on multiple EVM-compatible networks, it can also be integrated into any decentralised exchange or DeFi protocol that supports standard ERC-20 tokens on the supported chains.

USDSM and EURSM are Electronic Money Tokens, redeemable at par value at any time. Redemption never depends on market liquidity: as the issuer, Stable Mint is legally required to redeem.

In practice, redemption happens through your Stable Mint account, where balances are shown in the underlying currency rather than in tokens.

Redeeming is simply a payout to your own bank account: add it as a recipient and send funds to it, via SEPA Instant for EUR and via SWIFT for USD.

Stablecoins appear only when funds move on-chain through a wallet, on Etherlink, the network the platform currently operates on.

If you hold USDSM or EURSM on-chain and don't have a Stable Mint account, contact our team to arrange redemption.

Yes. Stable Mint issues multiple fiat-denominated Electronic Money Tokens, including USDSM (US dollar) and EURSM (euro).

All Stable Mint stablecoins are issued under the same regulatory framework, with the same reserve safeguarding requirements, the same consumer protections, and the same compliance standards described above.

The only material difference between tokens is the underlying fiat currency to which they are pegged and the corresponding reserve assets held. Unless otherwise specified, the information on this page applies equally to all Stable Mint stablecoins — current and future.

Yes. Business accounts are available to companies, partnerships, and other corporate structures incorporated in supported jurisdictions.

Certain categories are not eligible, including entities unable to verify beneficial ownership, unlicensed money transmission services, and entities subject to international sanctions.

Stable Mint reserves the right to decline applications based on its regulatory obligations and risk appetite. To get started, request a demo and our team will guide you through the process.

Stable Mint is a licensed European Electronic Money Institution with passporting rights across the EU and EEA.

The Stable Mint platform is also available to customers in recognised third countries, subject to applicable regulatory requirements and Stable Mint's customer due diligence obligations.

Certain jurisdictions are excluded based on international sanctions, anti-money laundering regulations, and Stable Mint's risk appetite. Customers from jurisdictions on the FATF high-risk list or the EU AML high-risk third country list are not eligible to open an account.

A full list of supported countries is available during onboarding.

Business accounts are available to legal persons — companies, partnerships, and other corporate structures — incorporated in supported jurisdictions. Onboarding includes Know Your Business (KYB) verification, beneficial ownership identification, and screening against sanctions and PEP lists.

You will need to provide company registration documents, beneficial ownership structure, and authorised signatory details. Once verified, your business account gives you access to the full Stable Mint platform — including multi-currency holdings, SEPA and SWIFT payments, and stablecoin settlement.

Most stablecoin payment providers rely on third-party tokens. Stable Mint is the issuer, custodian, and payment processor — from initiation to settlement.

This vertical integration means one counterparty, one regulatory framework, and no dependency on external token issuers.

For businesses operating in regulated markets, this matters: USDSM is an Electronic Money Token issued under MiCA, classified as electronic money under EU law. Your settlement layer carries the same legal protections as traditional electronic money — including the right to redeem at par value at any time.

Businesses can receive inbound payments via SEPA or SWIFT. Funds arrive as fiat and convert to stablecoins in your account. Direct stablecoin receipts from any wallet on-chain are also supported.

For outbound payments, you can send funds to any connected bank account, including your own, via SEPA Instant (EUR), SWIFT (USD) and Faster Payments (GBP).

Stable Mint applies multiple layers of security to protect your account and funds.

Authentication. The Stable Mint dashboard enforces two-factor authentication (2FA) on all accounts, along with device-based sessions. This means that even if your password were compromised, access to your account requires a second verification step and a recognised device.

Custody. Digital assets are secured using multi-party computation (MPC) technology. This means that no single private key exists — keys are split across multiple independent parties and never reconstructed. This eliminates the single point of failure that has caused losses at other platforms.

Compliance controls. All transactions are screened in real time against sanctions lists and anti-money laundering rules. Wallet addresses are screened via Elliptic, a leading blockchain analytics provider. Outbound payments are subject to Verification of Payee checks to ensure funds reach the intended recipient.

Infrastructure. The Stable Mint platform is hosted on enterprise-grade cloud infrastructure with encryption at rest and in transit, operating under continuous regulatory supervision.