Stable Mint United States Dollar price

USDSM

Stable Mint United States Dollar (USDSM) is a United States dollar–denominated e-money token issued by Stable Mint Ltd, an electronic money institution authorised and supervised by the Malta Financial Services Authority (MFSA). The token is structured as an e-money token under the Markets in Crypto-Assets Regulation (MiCA) and is designed to maintain a stable value by being pegged 1:1 to the US dollar. Each USDSM token is backed by reserves consisting of cash and high-quality liquid USD-denominated assets held with regulated financial institutions. The reserves are segregated from the issuer’s own funds and are managed in line with MiCA requirements for safeguarding, liquidity and risk management.

USDSM is issued and redeemed by Stable Mint Ltd through its regulated platform. Eligible users can mint tokens by sending fiat USD to Stable Mint’s client accounts and then receiving the corresponding amount of USDSM on supported blockchains. For redemptions, users transfer tokens back to Stable Mint, the tokens are burned, and the equivalent amount in fiat USD is paid out to the user’s designated bank account. This mechanism is designed to keep the on-chain supply aligned with reserves and to support redemptions at par value, subject to completion of the required onboarding and compliance checks.

From a technical perspective, USDSM is implemented as a token on the Etherlink EVM chain. The lifecycle of the token – minting, burning and certain administrative controls – is governed by smart contracts operated by Stable Mint. Access to privileged functions is restricted to an administrator wallet secured using multi-party computation (MPC) to reduce single-key risk. Stable Mint integrates on-chain analytics and risk-screening tools for transaction and wallet monitoring and applies policies for sanctions screening, anti-money laundering (AML) and counter-terrorist financing (CTF) in line with its regulatory obligations.

The primary intended use of USDSM is in business-to-business payment flows, exchanges and platforms that require regulated USD liquidity on-chain. Institutional clients can use USDSM to move value between traditional bank accounts and blockchain networks, to facilitate exchange settlement, treasury operations and cross-border payouts while retaining the legal characteristics of e-money. Tokens may also be held and redeemed by natural persons who have completed the necessary onboarding with Stable Mint. By combining a regulated e-money framework with public blockchain infrastructure, USDSM is intended to offer a bridge between traditional payment systems and digital asset markets.

Stable Mint Ltd is a specialised issuer whose core activity is the issuance and redemption of fiat-denominated e-money tokens, including USDSM and a euro-denominated token, alongside ancillary payment services that support these activities. The company is required to maintain own funds, meet governance and reporting standards and provide transparency about tokens in circulation and the value and composition of the reserve assets. Within this framework, USDSM aims to provide a transparent, regulated and interoperable USD stable asset for institutions and platforms operating in both traditional finance and digital asset ecosystems.