Record sog_issuer_mstable

mStable

DeFi protocol ecosystem that introduced mUSD and later shifted its current product focus toward yield strategies while preserving legacy withdrawal tooling.

Category
Protocol or software system
Regulatory character
Protocol or decentralized system
Jurisdiction
Unknown or not publicly resolvedUnknown or not publicly resolved
Connected assets
1
Relationships
1 current0 historical
Evidence
8 source records

Identity and taxonomy

Overview

Public classification, legal-form state, jurisdiction, roles, confidence, and review state remain explicit.
Organization categoryProtocol or software system
Canonical organization typeDeFi Protocol
Legal formNot recorded in canonical data
Legal-form stateNot Recorded
Regulatory characterProtocol or decentralized system
JurisdictionUnknown or not publicly resolved
Jurisdiction scopeUnknown or not publicly resolved
Functional rolesProtocol operator
Relationship statesActive relationship
Primary display relationships1
Official websitehttps://www.mstable.com/
Record confidenceHigh
Last reviewed2026-06-14
Category
Protocol or software system
Regulatory character
Protocol or decentralized system
Jurisdiction
Unknown or not publicly resolved
Jurisdiction scope
Unknown or not publicly resolved
Functional roles
Protocol operator
Record confidence
High

Connected assets

Relationships

Current, ended, and unknown relationships remain separate. Primary display is navigation only.
StablecoinSymbolFunctional roleDisplayFromUntilStateLifecycle
mStable USDmUSDProtocol operatorPrimary displayNot yet recordedNot yet recordedActive relationshipRestricted

mStable USD

Primary display
Role
Protocol operator
State
Active relationship
From
Not recorded
Until
Not recorded

Material history

Events

Typed events and organization control actions remain linked to evidence.
DateEventCategorySubtypeStatus effect
2026-01-23mUSD remains a limited legacy product during the mStable relaunchRedemption changeRedemption ChangeRestricted or impaired
2020-06-05mStable production security program covers core mUSD functionsSecurity and chain incidentProduction Security Program StartRemained active
2020-05-29mStable mainnet availability is reportedLaunch and introductionMainnet Availability ReportRemained active

Provenance

Evidence

Source identity, publication date, reliability, archive state, and relation count remain separate.
8 source identities · 8 evidence relations
SourcePublisherSource categoryProvenancePrimary or secondarySupported claimsArchiveReliability
mUSD asset documentation
Published Not yet recorded
mStable DocumentationOfficial documentation or product page
Canonical: Official Documentation
Subject-controlled sourcePrimary sourceAsset Mechanics, Basket Backing, Mint RedemptionArchive index or wildcardHigh
mStable Save and imUSD documentation
Published Not yet recorded
mStable DocumentationOfficial documentation or product page
Canonical: Official Documentation
Subject-controlled sourcePrimary sourceAdjacent Asset Boundary, Imusd Distinction, Yield LayerArchive index or wildcardHigh
mStable current product site and relaunch materials
Published Not yet recorded
mStableOfficial statement or announcement
Canonical: Official Statement
Subject-controlled sourcePrimary sourceCurrent Product Focus, Legacy Transition, Organization StatusArchive index or wildcardHigh
mStable legacy withdrawal application
Published Not yet recorded
mStableOfficial documentation or product page
Canonical: Official Application
Subject-controlled sourcePrimary sourceLegacy Withdrawal Path, Redemption Exit, Current InterfaceNo archive recordedHigh
mUSD Ethereum contract and source verification
Published 2020-05-28
EtherscanOn-chain record or explorer
Canonical: Onchain Contract
Technical primary sourcePrimary sourceContract Identity, Source Verification Date, Deployment Readiness, Ethereum Contract Identity and VerificationArchive index or wildcardHigh
mStable Now Live on Mainnet
Published 2020-05-29
EthFinance community link recordArchive or historical record
Canonical: Contemporaneous Record
Archive capturePrimary sourceCandidate Launch Date, Mainnet Availability, Contemporaneous Mainnet Availability RecordArchive index or wildcardMedium
DeFi Produces COMP Short Selling
Published Not yet recorded
The DefiantIndependent news or analysis
Canonical: News Article
Independent third-party sourceSecondary sourceCandidate Launch Date, Early Protocol History, Historical Launch Date SupportArchive index or wildcardMedium
mStable bug bounty and production security scope
Published Not yet recorded
mStable Developer DocumentationOfficial documentation or product page
Canonical: Official Documentation
Subject-controlled sourcePrimary sourceSecurity Program Start, Masset Contracts, Mint, Swap, Redeem, Save, Production Security and FunctionalityArchive index or wildcardHigh

Uncertainty

Known unknowns

Reviewed gaps remain visible instead of being converted into false certainty.

current_mint_and_redeem_state

The current availability of normal mUSD minting, basket redemption, and every legacy frontend route has not been fully verified against live contracts.

Severity
High
Last checked
2026-06-14

A withdrawal interface supports limited exit availability but does not prove open issuance.

residual_basket_and_crosschain_state

Current Ethereum and Polygon basket composition, feeder-pool state, liquidity depth, and cross-chain support require direct contract-level review.

Severity
Medium
Last checked
2026-06-14

Historical documentation is not treated as a current reserve report.

exact_public_launch_boundary

The Ethereum contract verification is fixed to 2020-05-28, May 29 is the strongest recovered mainnet-live candidate, and official production-security coverage is fixed to 2020-06-05. The original first-party launch announcement, exact creation transaction, and first permissionless mint remain unresolved.

Severity
Low
Last checked
2026-06-25

Keep launch_date null. Do not substitute contract verification, secondary historical reporting, or later Save activation for a primary-source public-launch boundary.

Maintenance

Corrections and further reading

Report a record problem or inspect methodology and machine-readable data.