② Stablecoin reserve requirements

Industry consensus : The following consensus is gradually forming in global stablecoin practices:

• 1:1 Reserve Mapping Logic
• Reserve assets mainly consist of cash, short-term treasury bonds, and bank deposits.
• Regular third-party audits or reserve certificates
• Separation of reserves from the operating assets of the issuing entity

Core consensus:
Trust in the value of stablecoins stems from reserve transparency, not from technological mechanisms.



Causes
1 ) Solving the trust problem of anchored assets
2 ) Reduce the risk of bank runs
3 ) Meet the audit requirements of institutional investors.

Significance of RWA's release

• Provide a reference structure for yield mapping tokens
• Strengthen the logic of asset reserve disclosure
• Improving the credibility of cash flow-based RWA