We want to issue our own stablecoin.
You are a bank, a payment company, or a platform weighing an issuance, and you need the full design: reserves, licence, and operations.
Stablecoins that settle, redeem, and pass review.
Issuing a stablecoin, or using one to pay and settle, raises hard questions: what backs it, who holds it, how it redeems, which network it runs on, and how it reaches your bank accounts. We design the answers against the rules of the markets you operate in, and write them down so your board, your auditors, and your supervisor can follow.
For
Banks, payment companies, fintechs, and platforms that issue, accept, or settle in stablecoins.
You get
A stablecoin architecture, a settlement and redemption design, and a regulatory mapping.
How we work together
A milestone-based mandate through design, licensing, and launch.
You are probably asking one of these.
Stablecoin work usually starts from one of four positions.
We want to pay or settle in stablecoins.
Treasury, cross-border payouts, or merchant settlement in USDC, EURC, or another token, connected to the accounts you already run.
We need to get through MiCA, NYDFS, or MAS.
The licence application needs an architecture a supervisor can read, question, and test.
Our pilot works. Production does not.
Liquidity, redemption timing, and reconciliation break as volumes grow. You need the operating model, not another demo.
What we do.
Five workstreams, from the reserve to the bank account.
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Design settlement flows, redemption windows, and reserve composition.
How the token moves, how fast it converts back to cash, and what sits in the reserve to keep that promise.
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Architect MiCA, NYDFS, and MAS-compliant issuance models.
The legal entity, the licence, and the operating model each regime requires, mapped to the markets you serve.
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Select chains, custody patterns, and oracle architecture.
Which networks, who holds the keys, and how price and reserve data reach the chain, with the trade-offs written down.
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Integrate with bank rails and treasury operations.
The link between on-chain balances and your bank accounts, ledgers, and daily reconciliation.
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Define operational liquidity and capital buffers.
How much liquidity to hold, where, and against which stress scenarios, so redemptions hold under pressure.
What you get.
Documents a board can approve and a supervisor can test.
Stablecoin architecture
Issuance, reserves, custody, networks, and oracles, in one document a supervisor can read.
Settlement and redemption design
Flows, cut-off times, and redemption windows, end to end.
Regulatory mapping
Each MiCA, NYDFS, or MAS requirement tied to a design decision and an owner.
Chain and vendor selection memo
Networks, custodians, and providers compared, with a recommendation and its reasons.
Bank-rail integration plan
Accounts, ledgers, reconciliation, and treasury procedures.
Liquidity and buffer model
Operational liquidity and capital buffers sized against stress scenarios.
How it runs.
Four phases, from first assessment to a live system.
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Phase 01
Assess.
Your use case, your markets, your existing infrastructure, and the regulatory regimes that apply.
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Phase 02
Design.
Issuance, reserves, custody, settlement, and bank integration, in working sessions with your teams.
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Phase 03
Stress-test.
The design is challenged on liquidity, redemption under pressure, and the questions a supervisor will ask.
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Phase 04
Support launch.
Vendor selection, the licence file prepared with your counsel, and oversight through go-live.
Why tracee.
Award
Circle Impact Award.
Won for architecting a bulk-payment system that delivers funds to refugees, collected through SMS codes and MoneyGram access.
Partner network
Circle Alliance Program.
tracee is a Certified Member of Circle's partner network for institutional builders deploying USDC and EURC payment, treasury, and settlement infrastructure.
Research
Stablecoin architecture for regulated issuers.
Our report on how regulated issuers design reserves, redemption, and custody. Read the report.
Frequently asked
Common questions about stablecoin infrastructure.
What does a stablecoin architecture cover?
Five things: how the token is issued and redeemed, what backs it and where the reserves are held, who has custody of keys and assets, which networks it runs on, and how it connects to bank accounts and treasury. Each is designed against the regulations of the markets you serve.
Do we need to issue our own stablecoin?
Often, no. Many companies only need to accept, hold, and settle existing tokens such as USDC or EURC. We help you decide which route fits, then design it.
Can you help with a MiCA, NYDFS, or MAS licence?
We design the architecture and operating model the application describes, and work alongside your legal counsel, who files it. tracee is a consulting firm, not a law firm.
Which blockchain should we use?
It depends on who you settle with, where your liquidity sits, and what your supervisor expects. We compare the options on cost, reach, custody support, and regulatory acceptance, and write down why one wins.
Our other services.
Most engagements combine services, because the decisions are connected. Each one runs under one of our four engagement formats.
Start with a conversation.
Thirty minutes, no slide deck, no obligation. Tell us whether you want to issue, accept, or settle, and we will tell you whether we can help.