SIO-11.3.2
The redemption plan must demonstrate the ability of the stablecoin issuer to carry out the redemption of the outstanding approved stablecoins issued without causing undue economic harm to its clients or to the stability of the markets of the reserve assets. The redemption plan must ensure equitable treatment to all the clients and that the clients are paid in a timely manner with the proceeds from the sale of the reserve assets. In addition, the redemption plan must also ensure the continuity of any critical activities that are necessary for the orderly redemption, whether performed by the stablecoin issuer or by any third-party entity.
Added: July 2025