> For the complete documentation index, see [llms.txt](https://docs.stakeup.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.stakeup.finance/protocol/ecosystem-mechanics/mint-and-redeem.md).

# Mint & Redeem

## Mint

Anyone who holds `TBY`s or `USDC` can mint `stUSDC` at a ratio of 1:1 of the value of the deposit token. 

`USDC` lending deposits will automatically be lent in the underlying `Bloom-v2` system

 `TBY` receipts will be held within the `stUSDC` contract and automatically re-lent into following loans.

## Redeem

Redemptions allow users to redeem their `stUSDC` for `USDC` 1:1. If there is not enough `USDC` liquidity within the contract the user must wait for the next batch of `TBY`s to mature and convert into available `USDC`. 

If your redemption cannot be processed and you want to access `USDC` Immediately you can visit a supported DEX or CEX.


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