# Mint / Redeem

Direct minting and redemption of AZND is available to approved counterparties that have cleared Mu Digital's KYC procedures.  Interested parties can reach out to us [here](https://037p3p59sth.typeform.com/to/eIuXBgF5)

AZND is also available for permissionless swaps onchain through our decentralized exchange (“DEX”) partners

### Minting

* Users can mint AZND using preferred stablecoins (such as USDC, USDT, or AUSD) on a 1-1 basis
* Minting can be processed almost instantaneously and sent to the user's wallet upon transfer of the relevant stablecoins
* There is no fee for minting

### Redemption

* Redemption requests by default enter a redemption queue
* Our licensed Singapore based fund partner relies on a weekly liquidity schedule, with redemptions processed by Tuesday for settlement the following week.  In practice, expect \~7 calendar days between redemption and receipt of funds
* Amounts below a certain threshold may be processed immediately subject to availability in our onchain liquidity buffer.  We intend to scale this threshold over time alongside our TVL
* There is no fee for redemption
