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Stable Mint USD

USDSM#1146 by market cap

Qualifies for a record and its pages are captured daily, but the record has not been written yet.

Stable Mint USD is for a stable digital dollar. We have not written its record yet, so its promises are not checked. It trades at $1.00, #1070 of all coins by size, 30% below its highest ever price.

This week Nothing changed on its record.

No stated job or named backing. No dated promises on its pages. Nothing dated ahead. #39 of 79 fiat-backed stablecoins. Nothing to be careful of on the record.

Is it real?

0 of 4tests passeda real job, real backing, something ahead, room to grow
nonenamed backersno investor or index on file
3 monthson the marketsince 17 June 2026
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0 of 4

  • A real-world jobDoes it say what problem it solves, in a category that is not a joke?
  • Real backingA named investor, an index, a major exchange, or a billion-dollar size.
  • Something aheadA dated step, deliveries on record, or demand showing up in the news.
  • Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.

No named backer

  • Origin17 June 2026about about 3 monthsstablemint.io/stablecoins, GitHub, Whitepaper
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
  • BackingNo named investorListed on Kraken
  • Standing on the recordNo recordNo dated promise to judge yet5 headlines last monthNo corrections needed so far
The gap, and what to do

It is already worth more than the typical coin in Fiat-backed Stablecoin ($12.17M). To match the leader, GHO ($698.14M), its price would need to rise 5411%, to about $55.11.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • Listed on fewer than two big exchanges (Kraken)
  • No named investor among its tags
  • Only 5 headlines named it last month

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#39of 79 fiat-backed stablecoinsthe typical one is worth $12.17M
$12.67Mworth todayprice × coins out
$12.17Mthe typical rival is worthFiat-backed Stablecoin
$698.14Mthe leader is worthGHO
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

A stable digital dollar

194 coins tagged Stablecoins, worth $309.33B together. #107 of 194 by worth.

Fiat-backed Stablecoin: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Stable Mint USD$12.67Mthis coinno maxno record
  • GHO$698.14M55.1× bigger, +$685.47M+0.0%no maxnone dated
  • Usual USD$547.04M43.2× bigger, +$534.38M−0.0%no maxno record
  • TrueUSD$494.12M39.0× bigger, +$481.45M−0.0%no maxnone dated
  • USDtb$482.58M38.1× bigger, +$469.91M+0.0%no maxno record
  • A7A5$463.29M36.6× bigger, +$450.63M+1.7%no max0 of 3 delivered
  • First Digital USD$325.82M25.7× bigger, +$313.15M−0.0%no maxno record
  • AUSD$243.15M19.2× bigger, +$230.48M−0.0%no maxnone dated
Same job, different how

Fiat-backed Stablecoin: this coin next to GHO, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Stable Mint USD says
Stable Mint USD (USDSM) is a USD-denominated Electronic Money Token (EMT) issued by Stable Mint Limited.
GHO says
GHO is a digital dollar-pegged token issued through the Aave lending platform, backed by more crypto value than the amount of GHO that exists.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

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

Problem it says it solves: a stable digital dollar. 194 coins are working on it and together they are worth $309,327,253,815. This coin is 0% of that.

Where it trades: Kraken, Curve

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

Nothing printed today

None of the six tests fails. A missed promise counts only on a record a person has checked.

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Why is it this small?

Fiat-backed Stablecoin: this coin next to the group's largest, GHO.

Stable Mint USDGHO
Years trading3 months3 years
Major exchanges10
Named backers00
Headlines, last month55
Promises deliveredno recordno record

What it says is different: Stable Mint USD (USDSM) is a USD-denominated Electronic Money Token (EMT) issued by Stable Mint Limited, a Malta-based Electronic Money Institution authorised by the Malta Financial Services Authority (MFSA).

It is 1.8% the size of GHO. On the facts above it is behind on years trading. For that gap to close, the record would need deliveries showing up in its record, news that names it, listings on major exchanges. Nothing here says it will; the site does not predict.

The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.

The homework: the coin itself, the news, the record

The coin itself

$1.00price of one
30%below its highest ever$1 on 14 August 2026
100%of the supply is out12.67M coins
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The last 7 days

7 days ago: $0.9999now: $1.00 (+0.0%)

Where today sits against its highest ever price

$1.00

Highest ever: $1.44 on 14 August 2026. Today is 69% of that.

100%

of all USDSM that will ever exist is already out in public hands: 12.67M coins.

Nothing is held back. Every coin is already out.

out held back. Each dot is 1%.

Meant to stay at one dollar

Holding it is holding a copy of a dollar. It is not built to rise.

  • Nothing the project's own pages spell out.
$1.00price of one
×
12.67Mcoins out
=
$12.67Mworth today, #1070 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 12.67Min circulation of 12.67M total. No hard maximum is set, so more can be created.
  • 70%of its all-time high of $1.44 on 14 August 2026. That is −30.4% from the top.
  • #1070by market cap, $12,667,573.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

What the news says

5headlines, last monththat name this coin
0about governmentregulation, courts, central banks
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Headlines per day, last 30 days

5 headlines named this coin in the last month.

What they were about

    The record itself

    Qualifies for a record and its pages are captured daily, but the record has not been written yet.

    Pages saveddailycaptured every night
    Promisesnone yetno record drafted
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    Six facts, the project's own replies, its peers, contract facts, references and every stored copy