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SIO-10.1.7

Stablecoin issuers that maintain custody or control of approved stablecoins must have policies and procedures in place that clearly describe the process that will be adopted in the event that the licensee comes to know or suspects that the approved stablecoins it is holding under custody on behalf for clients have been compromised, such as in the event of a hacking attack, theft or fraud.

Such policies and procedures must detail the specific steps the licensee will take to protect client’s approved stablecoins in the event of such incidents. Licensed stablecoin issuers must also have the ability to immediately halt all further transactions with regard to the approved stablecoin.

Added: July 2025