Stablecoin operations/Reserve-backed USD cycle
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Reserve-backed USD cycle

Route

1. Reserve recognition

Outcome

Reserve-backed USD operating cycle with eight governed chapters from reserve recognition through publication and assurance.

Timing

Depends on issuer, banking, wallet, and market enablement. Issuance and execution can clear same-day, with redemption payout targeted within five business days.

Control roles

SN orchestrationIssuer / reserve boundaryTransfer and redemption controlsPublication and assurance close

Steps

1

Reserve recognition

2

Issuance authorization

3

Token issue and release

4

Circulation, transfer, and execution

5

Redemption intake

6

Burn confirmation

7

Fiat payout

8

Reconciliation, publication, and assurance