2025 Supervisors Symposium

A stablecoin is a cryptocurrency designed to maintain a stable value relative to a certain asset, such as the US Dollar. They combine the price stability of traditional money with the speed of crypto.

What are Stablecoins?

Price Stability

Barrier Instrument

Redeemable

Blockchain-Backed

Pegged to a reference asset (e.g., U.S. dollar) and backed by cash or high-quality liquid assets to minimize volatility.

Can serve as an intermediary asset between traditional money and other digital assets, enabling easy conversion.

Holders can exchange stablecoins for an equivalent value in FIAT currency at any time.

Transacts over distributed ledger networks, enabling near-instant, low-cost transfers.

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STRATEGIC RESOURCE MANAGEMENT | CONFIDENTIAL

GENIUS Act Provides a Legal Definition Genius Act n

RESERVES → Only bank deposits, T-bills, and overnight repos SEGREGATION → Assets held for stablecoin holders only (no leverage!) OVERSIGHT → Fed & OCC supervision for big issuers AML/KYC → Issuers are explicitly made “financial institutions” for all purposes under the Bank Secrecy Act.

It’s important to understand that stablecoins are “programable” and global.

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STRATEGIC RESOURCE MANAGEMENT | CONFIDENTIAL