The regulated EMT layer for acquirer settlement. Settle in seconds, redeem at par.
You settle stablecoins to merchants, and MiCA gave EMT issuers no transitional period. Stable Mint is the regulated counterparty layer: EURSM and USDSM settle to merchant wallets in roughly ten seconds.
Six fiat rails,
two native stablecoins.
EUR
USD
GBP
SEK
HKD
CHF SEPA, SWIFT, and FPS rails via BankingCircle; domestic SEK via Multitude Bank.
EURSM
USDSM Any USDC-compatible wallet supports USDSM and EURSM. Both are live on Etherlink, Ethereum, Base, and Arbitrum via LayerZero V2 OFT. Issued by Stable mint Ltd as an EU-authorised Electronic Money Institution, with a statutory 1:1 redemption right.
Regulated at every layer.
- Licence
- MFSA Electronic Money Institution
- Token regime
- MiCA Title IV · Art. 48-58
- Reserves
- 3 regulated credit institutions
- Redemption
- 1:1 at par · statutory right
Reserve assets are safeguarded across three regulated credit institutions, with no single counterparty holding them all. Both EURSM and USDSM are pausable and support compliance-driven address freezing at the contract level, relevant for an acquirer settling to merchants in regulated verticals with their own compliance and licensing obligations.
The EMT layer in your acquirer settlement rail.
If you settle stablecoins to merchants today, you may be routing through a non-compliant provider: a third-party issuer not authorised in the EU as a credit institution or EMI.
MiCA gave EMT issuers no transitional period: the rule has applied since 30 June 2024. What counts behind your settlement rail is the issuer's own authorisation.
Three constraints
shape your build.
Exposure to non-compliant issuers
Since 30 June 2024, an EMT from an unauthorised issuer cannot be offered in the EU. If your rail settles in such an EMT, you rely on an issuer not authorised in the EU as a credit institution or EMI.
Wallet and UX continuity
Your merchants already run USDC-compatible wallets, operations playbooks, and finance reporting. A new settlement asset shouldn't force a wallet migration or a retraining cycle.
Optionality on USDC
Many merchants still need USDC for downstream liquidity. Your stablecoin layer needs a clean route to USDC alongside the regulated EMT issuance.
MiCA gave EMT issuers no transitional period.
To offer an EMT in the EU, the issuer must be a credit institution or an authorised EMI. That rule has applied since 30 June 2024, with no transitional period. The transitional period for crypto-asset service providers ended on 1 July 2026 at the latest, and ESMA's Opinion of 8 October 2026 says they should not provide services to EU clients on EMTs that do not comply with MiCA. If the issuer behind your rail is non-compliant, you keep the rail and change the issuer.
Stable Mint is that issuer: an EU-authorised EMI, issuing EURSM and USDSM under MiCA Title IV.
MiCA Title IV · Articles 48-58 · Articles 143(3), 149(3) · ESMA Opinion, 8 October 2026One regulated rail,
card to merchant wallet.
Hold as EMT
Treasury, operating reserve, cross-chain. EURSM and USDSM are live on four chains via LayerZero V2.
Fiat off-ramp
Stable Mint burns at 1:1 par redemption and dispatches fiat to the merchant bank via SEPA, SEPA Instant or SWIFT.
USDC routing
Routed via third-party liquidity, at roughly 2 to 3 bps additional cost.
Settlement collapses from T+2/T+3 to roughly ten seconds: the acquirer triggers a Stable Mint settlement call, and EURSM or USDSM mints into the merchant's Stable Mint Wallet in seconds.
Four capabilities
decide the architecture.
MiCA Title IV EMT issuance
EURSM and USDSM are issued under MiCA Title IV by Stable Mint as an EU-authorised EMI. The EMT sits in your settlement rail with an issuer authorised as MiCA requires.
Drop-in wallet compatibility
Any USDC-compatible wallet supports USDSM and EURSM. Your merchants keep their existing wallet integrations, custody set-up, and operations playbook. No migration, no retraining.
USDC routing kept as a fallback
Where merchants still require USDC for downstream liquidity, Stable Mint routes via third-party liquidity at roughly 2 to 3 basis points of additional cost. Optionality is preserved.
Vertically integrated, settled in seconds
Card transaction to merchant wallet collapses from T+2/T+3 to roughly ten seconds. Multi-currency rails, reserves safeguarded across three credit institutions, full lifecycle under one EMI authorisation.
Why an authorised issuer?
An EMT from an unauthorised issuer cannot lawfully be offered in the EU. EURSM and USDSM give your rail an authorised issuer.
What it takes to go live.
- 01
You add one call
On your side, integration is a single settlement call into the card flow you already run: destination wallet, amount, EMT denomination. No new rail, no change to how you process cards.
- 02
We run the regulated lifecycle
Behind that call, Stable Mint mints the EMT, safeguards the reserves across three credit institutions, and redeems at par. The regulated side is ours to operate, not yours to build.
- 03
Your merchants do nothing
Settlement lands in the USDC-compatible wallets they already use, with reporting that carries over. No migration to coordinate, no retraining across your base.
What the architecture delivers.
Settlement in seconds, card to merchant wallet
A card transaction settles into the merchant's wallet in roughly ten seconds, down from T+2/T+3 on traditional rails, with EURSM or USDSM minting on the settlement call.
An EU-authorised counterparty in your rail
EURSM and USDSM are issued under MiCA Title IV by Stable Mint as an EU-authorised EMI, with reserves safeguarded across three regulated credit institutions and a statutory 1:1 par redemption right.
No wallet migration for your merchants
Any USDC-compatible wallet supports USDSM and EURSM, so your merchants keep their existing wallet integrations, custody set-up and operations playbook. No migration, no retraining.
USDC optionality, preserved
Where merchants still need USDC for downstream liquidity, Stable Mint routes via third-party liquidity at roughly 2 to 3 basis points of additional cost.
Where to next?
Try the platform yourself, or talk to our team about acquirer settlement.