Stablecoins — live on-chain
Transparent
by design.
Fiat-backed, fully reserved, issued by Stable mint Ltd — an MFSA-authorised Electronic Money Institution. Redeemable at par, on demand.
Regulation
Regulatory standing
MiCA requires EMT issuers to maintain full fiat reserve backing, segregate reserves, provide redemption at par on demand, and operate under ongoing supervisory oversight. Stable Mint is authorised under this framework.
Stablecoins
Our stablecoins
USDSM
Stable Mint United States Dollar
EURSM
Stable Mint Euro
Contract addresses
USDSM EURSM Reserves
Reserve structure
Backing
Every USDSM is backed 1:1 by Dollar denominated cash deposits and HQLA. Every EURSM is backed 1:1 by Euro denominated cash deposits and HQLA.
Segregation
Reserves are held separately from Stable Mint's operational funds. Not lent out, not invested in volatile assets, not commingled.
Legal basis
Mandated under MiCA Article 36 and the conditions of Stable Mint's EMI authorisation. The MFSA supervises ongoing compliance.
Redemption
Holders may redeem at par value, on demand, at any time. A legal right under MiCA, not a discretionary policy.
Attestation reports and audit documentation will be published here as they become available.
Lifecycle
Issuance and redemption
Deposit
Receive EUR, USD, SEK & GBP into your Stable Mint account.
Issue
Equivalent EMT issued to your account. 1:1 with fiat deposited.
Use
Hold, transfer, convert, or settle payments. Your stablecoins, your choice.
Redeem
Fiat returned to your bank account. At par, on demand, any time.
EURSM and USDSM are issued only against received fiat deposits — never on credit.
Technical
Technical infrastructure
- ERC-20 Upgradeable — proxy pattern; upgradeable without redeployment
- Pausable — emergency circuit breaker
- Blacklisting — compliance-driven wallet freezing for sanctions and AML
- Role-Based Access Control — Admin, Minter, Burner, Whitelist; separation of duties at contract level
- EIP-2612 Permit — gasless approvals
- Etherlink (Tezos Layer 2, EVM-compatible) — primary chain
- Ethereum, Base, Arbitrum — via LayerZero V2 OFT bridge (burn-and-mint, unified liquidity)
- Utila MPC — key material distributed across multiple parties, never reconstructed in a single location
- Elliptic — wallet screening and blockchain analytics for AML/CFT transaction monitoring
- Travel Rule compliance for crypto-asset transfers
Smart contract audit and reserve attestation reports will be linked here when published.
Start using stablecoins
Regulated, transparent, and live on-chain