Stablecoin operations
Run reserve-backed stablecoin issuance, treasury settlement, and redemption flows with explicit controls and partner boundaries.
Coverage
Treasury-led stablecoin operations across reserve recognition, wallet release, market execution, redemption, and payout without blurring them into bank-money cases.
Show reserve recognition, release discipline, and redemption close as separate governed states.
Use docs for issuer/reference boundaries and cases for route-specific public proof.
Avoid collapsing bank-money and stablecoin programs into one treasury surface.
Cases
- Malaysia wholesale tokenized-cash settlement: Bank-led ringgit settlement between approved institutions across tokenized deposits and bank stablecoins, with instrument choice, governed timing, finality evidence, and reconciled close.
- Reserve-backed USD cycle: Activation-gated Singapore reserve-backed USD operating stack across reserve recognition, issuance approval, venue execution, and redemption close.