> For the complete documentation index, see [llms.txt](https://docs.mutuum.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.mutuum.com/stablecoin/issuers.md). # Issuers Mutuum’s stablecoin concept includes a mechanism by which issuers - approved entities or smart contracts - can create or destroy the stablecoin according to specified strategies. Each issuer operates under an Allocation, which represents the maximum amount of stablecoin the agent can generate. Mutuum’s internal governance or authorized maintainers set these Allocations and can revise them over time to maintain protocol-wide stability. Rather than relying on a single model, Mutuum envisions multiple issuers employing different stabilization strategies. By distributing Allocations among various issuers, the protocol can diversify how its stablecoin is issued, potentially improving liquidity, maintaining a robust peg to the U.S. Dollar, and encouraging creative approaches to collateralization. Some issuers might use a straightforward, overcollateralized structure, while others could incorporate novel features to help the stablecoin adapt to changing market conditions. A foundational principle of Mutuum’s stablecoin is overcollateralization. At least one issuer may operate on a robust model where every stablecoin minted is backed by collateral exceeding its nominal value. This ensures a strong safety margin for users and protects the system from sudden market fluctuations. Over time, Mutuum’s internal governance might approve other issuers with distinct risk parameters, as long as they collectively uphold the stability and solvency of the protocol. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.mutuum.com/stablecoin/issuers.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.