Electronic Money Tokens — 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.
Tokens
Stable Mint tokens
EURSM
Stable Mint Euro
USDSM
Stable Mint United States Dollar
Reserves
Reserve structure
Backing
Every EURSM is backed 1:1 by euros in a segregated account at a regulated European banking partner. Every USDSM is backed 1:1 by US dollars.
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
Fiat received via bank transfer. EUR or USD lands in 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
Smart contract architecture
- 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
Multi-chain deployment
- Etherlink (Tezos Layer 2, EVM-compatible) — primary chain
- Ethereum, Base, Arbitrum — via LayerZero V2 OFT bridge (burn-and-mint, unified liquidity)
Custody infrastructure
- Utila MPC — key material distributed across multiple parties, never reconstructed in a single location
- Dual minting path: HSM-backed CustomMinter (FIPS 140-2 L2) below threshold; full Utila MPC ceremony above
On-chain compliance
- 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