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
- Stablecoin checkout to fiat payout: Let a payer use digital value while the merchant or beneficiary receives local fiat after screening, conversion, payout, and close records match.
- 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.
- HKD stablecoin lifecycle: A digital HKD issuer keeps coins, reserve money, redemption requests, and HKD payouts aligned so every issued coin has a matched banking record.