By Shivacha Engineering
Why treasuries are looking at stablecoins
Stablecoins can move value across borders around the clock and settle quickly, which is attractive for intercompany transfers, supplier payments and managing liquidity across regions. They also introduce new operational, technical and regulatory considerations that must be addressed with advisors.
Custody and key management
Enterprises should use qualified custodians or institutional MPC providers rather than ad-hoc wallets. Key management determines who can move funds and how recovery works.
Policies and approvals
Transaction policies — amount limits, destination allowlists, approval quorums, time windows — should mirror existing treasury controls and be enforced by software, not spreadsheets.
- Segregation of duties for initiation and approval
- Allowlisted counterparty addresses
- Screening before outbound transfers
Accounting and reconciliation
Finance teams need transaction data, valuations and fee records in formats their systems accept, and daily reconciliation between internal records, custodian balances and on-chain activity.
Risk and partners
Issuer, network and liquidity risks should be assessed and monitored. Conversion to and from fiat typically relies on licensed partners whose responsibilities must be clear. With these foundations, stablecoins become another controlled treasury instrument rather than an operational exception.