MyUSD, issued by the Mynth Protocol smart contracts under the governance of Mynth DAO tokenholders, is a stablecoin referencing the U.S. dollar (USD) and launched within the Mynth ecosystem during its Genesis Era. [S1][S2]

MyUSD references the U.S. dollar (USD). [S1] Holders may earn additional return through Mynth's liquid staking program, which allows MyUSD to earn staking rewards while holders retain full custody of their assets in their own wallets, with no lockups; rewards are distributed at the end of each epoch. [S3] At the protocol level, cross-chain swap fees are embedded in the swap price parameter, where a price of 1.01 represents a 1% fee. [S4]

Mynth frames issuance around the Mynth Protocol and the community-run Mynth DAO rather than a named corporate issuer; the documentation footer displays only the copyright notice for Progressive IT s.r.o., a Czech or Slovak limited liability company form. [S5][S2] MyUSD is therefore not issued by a single corporate entity. [S5] Access is framed as equal and open, with no stated barriers or restrictions on who may participate. [S6][S7] Holders retain self-custody of their assets in their own wallets while staking. [S3]

MyUSD originated on Cardano during the Genesis Era. [S1] Mynth operates as a cross-chain intents protocol spanning networks including Bitcoin, Ethereum, Solana, BNB Smart Chain, and Base. [S7][S4] Settlement uses an intent-based model: a user submits an intent and sends funds to a generated smart contract address, a facilitator fulfills the destination token, and a Lizard fact-verifier submits an onchain proof. Intents expire after one hour. [S4][S8]

<Sources
  retrievedAt="2026-06-23"
  items={[
    { id: "S1", url: "https://docs.mynth.ai/guide/mynth/roadmap" },
    { id: "S2", url: "https://docs.mynth.ai/guide/mynth/team/robert-director" },
    { id: "S3", url: "https://www.mynth.ai/news?slug=liquid-staking" },
    { id: "S4", url: "https://docs.mynth.ai/guide/mynth/how-swaps-work/walkthrough" },
    { id: "S5", url: "https://www.mynth.ai/privacy-policy" },
    { id: "S6", url: "https://docs.mynth.ai/reference" },
    { id: "S7", url: "https://docs.mynth.ai/" },
    { id: "S8", url: "https://docs.mynth.ai/guide/mynth/lizards/lizard-factions" },
  ]}
/>


Stablecoins

Mynth issues fully collateralized, redeemable stablecoins on Cardano with yield-bearing mechanics.

Mynth is the issuer of MyUSD, a fully collateralized and redeemable U.S. Dollar stablecoin native to Cardano with yield-bearing features.

Mynth is a Cardano-native stablecoin protocol.

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Stablecoin issuers

Mynth

Mynth MyUSD (MyUSD) is a U.S. dollar stablecoin issued by Mynth.

MyUSD has been issued on Cardano as a Cardano native asset token since December 2023.

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