STABLE-SURE
- Overview
- Redemption integrity cover
- What it protects
- The integrity of the redemption pathway, not the screen price.
- Written against
- The European stablecoin regime under MiCAR, for issuers inside it
Redemption integrity cover
Cover modules
- Redemption route
The legal and operational path from an entitled holder to par redemption, mapped before anything is bound. The cover attaches to that map.
- Rail and banking failure
Temporary failure of a settlement rail or a banking relationship while the redemption right itself remains intact.
- Evidence layer
Reserve attestation and continuous monitoring, held as the technical record a claim is later reconstructed from.
- Residual indemnity
Indemnity on the defined residual after routing and recovery, the part that is genuinely lost, not the part that is merely delayed.
Perils covered
- Temporary failure of a settlement rail or banking relationship while the redemption right is intact
- Failure of a redemption route where recovery is expected and measurable
- The defined residual that remains after routing and recovery have run
Never covered
- Blanket peg risk, the price of the token against its reference
- Impairment of the reserve itself
- Fraud
- A systemic run beyond the agreed aggregate
- Unregulated counterparties and transactions
Conditions of inception
These are conditions of inception, not matters of claim. Where the evidence is not in place, cover does not attach.
Written against
- The European stablecoin regime under MiCAR, for issuers inside it
- Reserve attestation and proof-of-reserve practice
- Defined event and annual aggregates, agreed per counterparty
Regulated counterparty
A licensed issuer or venue, with KYC, KYT and Travel Rule discipline on the covered flow.
Legal redemption map
The redemption right traced end to end, including who may exercise it and against what.
Reserve evidence
Proof of reserves and a solvency attestation, refreshed on a defined cycle rather than at renewal.
Continuous monitoring
A live technical feed, so a claim is reconstructed from a record that already existed.
Built for
- Regulated stablecoin issuers
- Exchanges and payment rails settling in stablecoins
- Institutional holders with redemption exposure
- Treasury functions holding regulated stablecoins
Draws on
Capacity, limits, wordings and commercial terms are not published. They are structured per counterparty and shared directly under engagement.