Before calling a payroll rail faster or cheaper, measure the full corridor—from payer funding to beneficiary access, reconciliation, exceptions and recourse. Executive summary Current reporting from Philstar and ABS-CBN describes a BPI–Meridian initiative using stablecoin settlement rails for cross-border inflows into the Philippines. The first stated rollout use case in that reporting is payroll credits … Read more
Treasury Desk Brief · Stablecoin Dependency Chain Public-source treasury review Stablecoin dependency chain Settlement and control evidence Evidence reviewed as of 2026-07-13 Educational discussion only The Stablecoin Dependency Chain A reviewer-first map of the issuer, chain, wallet, rail, evidence and handoff layers behind a faster-payment claim. Executive summary Faster movement may reduce one timing constraint. … Read more
Before the Journal Entry Public-source monitoring / source-preparation material Publication-day source-pack retrieval: 2026-06-17 Educational discussion only Short executive summary For review-first month-end work, a stablecoin balance needs an evidence file before conclusions. That evidence file is not the same as an accounting conclusion. Public sources can help an adviser collect issuer identity, token-contract references, onchain … Read more
Treasury Desk Brief · Treasury Taxonomy Explainer Public-source taxonomy / monitoring Retrieval date: 2026-06-03, Europe/Berlin Educational discussion only Short executive summary Tokenized deposits versus stablecoins is becoming a treasury-monitoring question, not just a policy debate. “Tokenized dollar” is not one category. Stablecoins, tokenized deposits, bank-issued tokenized money, wholesale settlement tokens and tokenized funds can have … Read more
Treasury Desk Brief · Stablecoin Watch Public-source monitoring Retrieval date: 2026-06-03, Europe/Berlin Educational discussion only Short executive summary RLUSD and USD1 are useful challenger-stablecoin monitoring cases, but supply growth is not reserve-quality proof. Public dashboards show RLUSD and USD1 as meaningful challenger stablecoins by supply / market-cap visibility, with RLUSD showing stronger 30-day growth in … Read more
Treasury Desk Brief · Stablecoin Watch Public-source monitoring Retrieval date: 2026-06-03, Europe/Berlin Educational discussion only Short executive summary Circle’s public USDC reserve stack has several evidence layers: issuer transparency page, monthly reserve examination / assurance reports, Circle Reserve Fund reporting, SEC filing layer, and public market dashboards. Circle states that USDC is backed by highly … Read more
Treasury Desk Brief · Stablecoin Watch Public-source monitoring Retrieval date: 2026-06-03 Educational discussion only Short executive summary Tether’s Q1 2026 reserve update reported a quarter-end reserve snapshot, an attached BDO assurance report, and a stated reserve buffer above liabilities. The headline numbers in the source pack are total assets of US$191.77B, total liabilities of US$183.54B, … Read more
Treasury Desk Brief · Stablecoin Watch Public-source monitoring Retrieved 2026-05-26 Educational discussion only Short executive summary Stablecoin market structure still looks concentrated at the top, but the layer below USDT and USDC is becoming harder for treasury and risk teams to ignore. As of the publication-day source refresh, 2026-05-26, DefiLlama showed total stablecoin market cap … Read more
Treasury Desk Brief · Treasury Taxonomy Explainer Public-source taxonomy / monitoring Retrieval date: 2026-06-01 Educational discussion only Short executive summary “Onchain-dollar” is not one asset class. A dollar-denominated token, a fiat-backed stablecoin, a synthetic dollar, a tokenized fund share, and a Treasury / RWA-like instrument can look similar in dashboards but belong in different treasury-policy … Read more