Multilateral netting for stablecoin obligations with multi-source peg verification, ISO 20022 pacs.008 generation, and Travel Rule compliance. Tri-corridor stablecoin netting live on chain with continuous synthetic flow and auto-triggered settlement execution.
← Back to ProductsStablecoins settle bilaterally and gross — every transfer is its own on-chain transaction. StableNet compresses stablecoin obligations through multilateral netting at the protocol level, normalising heterogeneous issuers into a unified netting pool while respecting each currency's regulatory framework, peg constraints, and Travel Rule provenance requirements.
Three on-chain corridors are operating continuously with realistic obligation flow and 10-minute window closes that auto-trigger settlement execution.
Family L core multilateral netting demonstrated at 4.96:1 compression in a representative window close — gross 88,019 units compressed to 9 net settlements (84% capital reduction).
3-to-5 source peg verification per stablecoin corridor combining AFXO settlement-grade signed feeds (EIP-712 typed-data) with public market data sources. Peg-deviation circuit breaker enforced before netting.
22 baseline compliance rules: OFAC sanctioned-jurisdiction denies, US GENIUS Act stablecoin requirements, EU MiCA, Singapore stablecoin regulations, and pilot allow-lists. Allow / Review / Deny decisions with rule-source attribution.
Stateless on-chain pacs.008 generation per net settlement. Idempotent message lifecycle with explicit MsgId and InstrId derivation that transitively binds the chain-attested instruction id.
IVMS101 records with AES-256-GCM encryption at rest, RFC 6962 Merkle proofs committed on-chain per window close. Regulators can verify any record's inclusion independently against the chain.
PENDING → AUTHORIZED → EXECUTING → SETTLED with optimistic-CAS transitions and idempotent per-attempt retries. Settlement adapter framework wired for Stellar SEP-31, Circle Mint, and synthetic-demo modes.
Composite weighted geometric mean over reserve quality, attestation freshness, peg stability, redemption performance, and regulatory posture. Live across 7 stablecoin issuer profiles with haircut bps.
Window-close events emitted in cross-product schema for downstream consumption by RiskNet and the broader Settlement Computer. HMAC-signed, persisted-then-drained delivery.
Reserve-constrained corridor netting and monetary policy parameter enforcement (holding limits, expiry, remuneration) for both account-based and token-based CBDC architectures. Spec-defined; build-ready when pilots materialise.
StableNet's compliance gate evaluates every obligation against published regulatory frameworks before admission to the netting engine. Decisions are logged with rule-source attribution and exportable for supervisory review.
OFAC sanctioned-jurisdiction denies are enforced at the protocol level — obligations referencing sanctioned jurisdictions are rejected before they enter a netting window.
Rules derived from published stablecoin regulatory frameworks across major jurisdictions, with per-corridor configuration to reflect each pilot's licensed operating perimeter.
The issuer registry seeds risk scoring profiles for the major institutional stablecoins. Adding a new stablecoin requires a peg oracle source and an issuer risk profile — no protocol changes.
Stablecoin support reflects issuer risk profiles registered in the StableNet registry. FiatRails has no commercial relationship with any stablecoin issuer; coverage is technical rather than partnership-based.
All Settlement Computer products use FX rate feeds from AFXO — an institutional-grade FX oracle delivering deterministic rate feeds across global currency pairs. StableNet uses AFXO for cross-stablecoin peg verification and cross-currency CBDC rate determination.