> For the complete documentation index, see [llms.txt](https://docs.meridianfinance.net/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.meridianfinance.net/usdm-meridian-mint.md).

# USDM - Meridian Mint

Meridian Mint is a decentralised, non-custodial, governance-free borrowing protocol that enables users to obtain interest-free loans against whitelisted collateral. Loans are paid in USDM, which is a USD pegged stablecoin. As a direct fork of the Liquity protocol, Meridian shares the exact same smart contract code base, which are fully verified and can be reviewed on [Sourcify](https://docs.meridianfinance.net/resources/technical-and-security/usdm-contracts).