SIO-6.3.1

Stablecoin issuers must conduct internal and external reconciliation on a daily basis. For internal reconciliation, stablecoin issuers must compare, as per their own records, the value of reserve assets against the par value of the approved stablecoins in circulation and check whether the value matches. For external reconciliation, stablecoin issuers must compare their internal records of reserve asset valuation and par value of approved stablecoins in circulation with the records of any third party with whom the reserve assets are being held.