Stable Mint USD

USDSM Price

About Stable Mint USD (USDSM)

Stable Mint USD (USDSM) is a regulated, US dollar-denominated Electronic Money Token (EMT) issued by Stable Mint Limited, a Malta-based Electronic Money Institution authorized by the Malta Financial Services Authority (MFSA).

• USDSM is fully authorized under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework.
• The token is backed 1:1 by US dollar cash deposits and high-quality liquid assets held in segregated accounts.
• It utilizes a multi-chain architecture deployed on Etherlink, Ethereum, Base, and Arbitrum for unified cross-chain liquidity.

What Is Stable Mint USD

Stable Mint USD is a digital representation of the US dollar designed to facilitate on-chain payments, institutional settlement, and treasury management. The project aims to bridge traditional finance and decentralized ecosystems by providing a regulated digital dollar that adheres to strict European financial standards.

Value moves through the system via a direct 1:1 issuance and redemption mechanism. Users deposit fiat US dollars with the issuer to receive an equivalent amount of USDSM tokens on-chain. Conversely, token holders maintain a legal right to redeem their tokens for fiat at par value at any time. The token is put to work as a reliable medium of exchange for business-to-business (B2B) payments and as a liquidity pair in decentralized finance markets. As the ecosystem grows, scalability is achieved through the use of the LayerZero V2 Omnichain Fungible Token (OFT) standard, which allows USDSM to move seamlessly across supported blockchains without fragmented liquidity.

What Makes Stable Mint USD Unique

• MiCA Compliance: It is one of the first stablecoins to operate under the comprehensive Markets in Crypto-Assets Regulation (MiCA) framework in the European Union.
• Regulated Issuer: The token is issued by an MFSA-authorized Electronic Money Institution, ensuring institutional-grade oversight and consumer protection.
• Reserve Transparency: Reserves are targeted at 102% backing and are strictly segregated from the issuer's operational funds to protect holders in the event of insolvency.
• Omnichain Capability: Built with LayerZero V2 technology, USDSM supports native cross-chain transfers via a burn-and-mint mechanism, avoiding the risks associated with traditional wrapped assets.

What Can You Use Stable Mint USD for?

Stable Mint USD is pegged to the US Dollar. Its primary use cases include:

1. Value retention: USDSM allows users to hold a digital, on-chain representation of the US Dollar, providing a tool to reduce exposure to crypto-market volatility while maintaining funds within a blockchain environment.
2. Yield generation: The source identifies that USDSM is integrated into decentralized lending and liquidity provisioning protocols, such as Curve, where users can provide liquidity to earn protocol-specific rewards.
3. Cross-border settlement / value transfer: It is designed for international B2B payments and remittances, enabling near-instant global trade settlement using the efficiency of distributed ledger technology.
4. Collateralization: USDSM is used as backing for borrowing and lending protocols and as a stable margin asset for virtual asset exchanges and digital asset markets.

How Does Stable Mint USD Work?

Stable Mint USD operates using an ERC-20 Upgradeable smart contract architecture, which employs a proxy pattern to allow for protocol improvements without requiring a full token migration. The system incorporates several compliance and safety mechanisms, including a pausable circuit breaker for emergencies and role-based access control to separate administrative, minting, and burning duties.

For cross-chain operations, USDSM uses the LayerZero V2 OFT standard, which facilitates a burn-and-mint process to move value between networks like Ethereum and Arbitrum. This ensures that the total supply remains consistent across all chains. Users are responsible for paying protocol service fees in the native asset of the network they are using (such as ETH for Ethereum or ETH for Arbitrum) to process USDSM transactions. Custody of the protocol's administrative keys is managed through Multi-Party Computation (MPC) technology provided by Utila, ensuring that no single party can authorize sensitive contract changes.

Team Info and Investors

Stable Mint USD is issued by Stable Mint Limited, which is a wholly owned subsidiary of Gold Token SA (GTSA), a Switzerland-based firm supervised by the VQF (a member of FINMA). The management team includes James Bennett (CEO and CFO), who also serves on the board of GTSA, and Daniel Masters, a non-executive director with extensive experience in digital asset investment. Other key members include Stephanie Borg Caruana (Risk Manager) and Joseph Portelli (Chairman). The project is publicly supported and backed by institutional partners including CoinShares and the Tezos Foundation.

Where can you buy Stable Mint USD?

USDSM tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Stable Mint USD is Curve (Ethereum), where the most active trading pair USDSM/USDC has a trading volume of $16,950.93 in the last 24 hours. Other popular options include Curve (Arbitrum) and Curve (Etherlink).

What is the daily trading volume of Stable Mint USD (USDSM)?

The trading volume of Stable Mint USD (USDSM) is $16,951.14 in the last 24 hours, representing a 104.60% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Stable Mint USD (USDSM)?

Stable Mint USD (USDSM) reached an all-time high of $1.01 and an all-time low of $0.9683. It’s now trading -0.90% below that peak and 3.30% above its lowest price.

What is the market cap of Stable Mint USD (USDSM)?

Market capitalization of Stable Mint USD (USDSM) is $21,950,613 and is ranked #754 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of USDSM tokens (22 Million tokens are tradable on the market today).

What is the fully diluted valuation of Stable Mint USD (USDSM)?

The fully diluted valuation (FDV) of Stable Mint USD (USDSM) is $21,950,613. This is a statistical representation of the maximum market cap, assuming total number of 22 Million ETH tokens are in circulation today.

How does the price performance of Stable Mint USD compare against its peers?

With a price increase of 0.10% in the last 7 days, Stable Mint USD (USDSM) is outperforming the global cryptocurrency market which is down -3.40%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -0.30%.