Stablecoins (ART / EMT)
Liquidity Management (Stablecoin)
Operational arrangements ensuring ART/EMT issuers can meet redemption requests — daily reconciliation, liquidity buffers.
Definition
Liquidity management for stablecoin issuers covers reserve composition (sufficient liquid assets), redemption-flow monitoring, stress-redemption planning, and operational arrangements ensuring same-working-day settlement of holder redemptions. ESMA and EBA RTS specify minimum standards.