AUDM, issued by Macropod and tokenized on Fireblocks infrastructure, is a fiat-backed stablecoin that represents a redeemable claim on Australian dollars (AUD) held in trust, maintaining a one-to-one peg to the Australian dollar.

Each AUDM unit is backed 1:1 by Australian dollars (AUD) held in trust and is redeemable for 1 AUD. Holders receive economic exposure solely to the Australian dollar, with no intrinsic yield accruing from the token itself; tokens generate no return from the tokenization provider [S1]. Reserve backing and the corresponding redemption value are defined by the issuer, and units are minted against reserve deposits and burned against redemptions [S2].

AUDM is issued by Macropod, a joint venture of MHC Digital Group and Catena Digital, under Australian Financial Services Licence 566313, with the regulatory burden for issuance, reserve backing, and redemption resting on the customer-issuer rather than on the technology provider [S3]. Issuance, treasury, and key management run on Fireblocks infrastructure, which explicitly disclaims acting as a custodian, holding assets, or moving funds, since the issuing organization controls the cryptographic key shares under Multi-Party Computation cryptography [S4]. Issuance architecture is engineered so that no single point of compromise can authorize minting, enforced cryptographically through MPC and a policy engine [S2].

Issuance, minting, and burning are executed through the Fireblocks API on OpenZeppelin-audited smart contracts, with minting performed against reserve deposits and burning against redemptions through treasury-integrated workflows [S1][S2]. Fiat is tokenized into stablecoins, sent to recipient wallets over blockchain rails, then held or off-ramped, with issuance available across Fireblocks' supported public networks [S5].

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://developers.fireblocks.com/docs/tokenization" },
    { id: "S2", url: "https://www.fireblocks.com/blog/stablecoin-issuance-infrastructure-for-banks" },
    { id: "S3", url: "https://www.fireblocks.com/blog/stablecoin-licensing-compliance-and-regulation-in-2025" },
    { id: "S4", url: "https://www.fireblocks.com/report/what-is-mpc" },
    { id: "S5", url: "https://www.fireblocks.com/solutions/stablecoin-infrastructure" },
  ]}
/>


# Asset mints methodology

## 1. Overview

Asset mints is a metric that represents the total value of new assets minted onchain. Daily mint volumes are tracked across supported blockchains to quantify the issuance of tokenized assets. Gross mint events are identified from native token transfer logs and transaction-level supply changes. To ensure accuracy for assets with pre-minted supplies, corrections are applied by subtracting non-circulating allocations. The final metric is normalized by decimal precision and converted to USD using end-of-day price feeds.

## 2. Data sources

- **EVM chain events**: ERC-20 `Transfer` events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: SPL token `Mint` instructions
- **Non-EVM chain events and transactions**:
 - Algorand: Asset Configuration (`acfg`) transactions and token transfers
 - Cardano: UTXO-derived mint and burn events
 - Near: Token mint events
 - Polkadot Asset Hub: `Issued` events from `assets` pallets
 - Ripple: Transaction-level issuer net flows
 - Stacks: Token transfers with null senders
 - Sui: `TreasuryCap` object total supply changes
 - Stellar: SEP-41 `sep41_mint` events

- **Asset metadata**: Token addresses and decimal precision retrieved from token metadata
- **External data**: End-of-day price feeds sourced from market data providers

## 3. Step-by-step calculation

### Component A: Gross mint extraction

- **Purpose**: Extract raw mint events across all supported blockchains
- **Logic**: On EVM-compatible chains, ERC-20 `Transfer` events are parsed where the sender address is the zero address. On Solana, SPL token `Mint` instructions are extracted. On Algorand, withdrawals from asset configuration addresses are identified as gross mints. On Cardano, positive supply deltas are derived from transaction UTXO inputs and outputs. On Near, token mint events are extracted. On Polkadot Asset Hub, `Issued` events from `assets` pallets are parsed. On Ripple, transaction-level net flows are calculated, and positive net flows from issuer accounts are classified as mints. On Stacks, token transfers with a null sender address are extracted. On Sui, total supply changes are decoded from `TreasuryCap` objects. On Stellar, SEP-41 `sep41_mint` events are parsed.
- **Key fields**: `amount` (raw token quantity), `token_address` (asset contract or token identifier), `timestamp` (block timestamp)

### Component B: Premint correction

- **Purpose**: Adjust gross mints to exclude pre-minted tokens that do not enter active circulation
- **Logic**: For supported assets, a correction is applied to distinguish between gross mints and circulating supply changes. Mints that are sent directly to designated non-circulating premint addresses are classified as premints. Conversely, transfers from these premint addresses to circulating addresses are classified as premint issuances. Corrected mints are calculated by subtracting premints from gross mints and adding premint issuances.
- **Key fields**: `amount` (corrected token quantity), `token_address` (asset contract), `account_address` (premint address)

### Component C: Decimal normalization

- **Purpose**: Normalize raw token quantities into standard units
- **Logic**: Raw token amounts are normalized by decimal precision. Decimal precision is retrieved from token metadata for each specific asset.
- **Key fields**: `amount` (normalized token quantity), `decimals` (decimal precision)

### Component D: Final aggregation and USD conversion

- **Purpose**: Aggregate daily normalized mints and convert the values to USD
- **Logic**: Normalized daily mint amounts are aggregated by asset and blockchain. Daily USD values are calculated by multiplying the daily normalized mint amount by the end-of-day price feed for the respective asset. If no mint events occur on a given day, the daily value is filled with zero values.
- **Key fields**: `amount_usd` (daily minted value in USD), `price_usd` (end-of-day asset price)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Asset mints

Stablecoins

Fireblocks operates through its proprietary network that connects directly to the digital asset ecosystem, utilizing multi-party computation (MPC) technology for security and automated policy governance. The company generates revenue through enterprise SaaS subscriptions and transaction fees, serving clients from startups to major banks with scalable infrastructure that handles millions of transactions.

The platform offers comprehensive digital asset infrastructure including secure wallet-as-a-service solutions, treasury management, stablecoin infrastructure, tokenization services, and embedded wallets. It enables organizations to build, manage, and scale blockchain-based financial services while maintaining institutional-grade security and compliance standards across multiple blockchain networks.

Fireblocks is a digital asset infrastructure company that provides enterprise-grade blockchain solutions for financial institutions, trading firms, fintechs, and Web3 companies.

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Stablecoin issuers

Fireblocks

Fireblocks Macropod (AUDM) is a Australian Dollar stablecoin issued by Fireblocks through Catena Digital Pty Ltd.

Catena Digital Pty Ltd is incorporated in Australia and is supervised by the Australian Securities and Investments Commission and Australian Transaction Reports and Analysis Centre.

Holder terms are governed by the law of New South Wales in Australia.

AUDM has been issued on public blockchains since October 2025 and is native to Ethereum, Solana, and Base.

Fireblocks MacropodAUDM