Stablecoin Regulation and Oversight for Continuous Stability
Always-On Money Requires Always-On Controls
The rise of stablecoins has transformed the way money moves, creating an always-on economy where transactions occur 24/7, without the constraints of traditional banking hours or batch processing windows.
A Shift in Security Model
The traditional custody-focused security model is no longer sufficient to protect digital assets, which have evolved from a simple custody problem to an authority management problem requiring coordination across multiple vendors, exchanges, and systems.
Key Management Practices
Traditional key management practices, such as storing keys securely, are no longer sufficient; instead, a programmable policy layer must be implemented to enforce granular controls across keys, vendors, exchanges, and operational workflows.
Multi-Party Computation (MPC)
Flexible Control Layer
A flexible control layer is necessary to address changing needs without disrupting operational continuity, requiring a programmable policy layer that can enforce controls across various aspects of the execution process, including keys, vendors, exchanges, machines, and geographic locations.
Implementation of Always-On Controls
The implementation of always-on controls is critical for securing stablecoin transactions and preventing unauthorized access, by adopting a more robust security model that accounts for the complexities of the execution layer.
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