Prior to commercial deployment, the participating banks plan to address governance, regulatory compliance, cybersecurity, and system stability, following the establishment of a joint council in June 2026.

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.