How digital dollars are built,
governed and settled.
XRPL Stables is UnyKorn's reference hub for institutions and engineers. It covers how the stablecoin market works today, how issuance systems are designed, and how to build on them, with pilot infrastructure you can check on public ledgers.
Market snapshot
A $300B settlement layer, now under formal regulation.
Stablecoins have moved from trading collateral to payment and treasury infrastructure. The US, EU, UK, Hong Kong, Singapore, the UAE and Japan now run or are finishing dedicated regimes.
As of 16 Sep 2026. Sources: Stablecoinbeat tracker, rwa.xyz. Full landscape and sources →
What this site covers
From policy to production code
01 · Industry
The landscape
Leading issuers and their backing models, the GENIUS Act, MiCA and other regimes, bank deposit tokens, tokenized treasuries and card-network settlement.
Explore the industry →02 · Architecture
How stablecoins are built
The full issuance lifecycle: onboarding, reserves, mint and burn controls, compliance roles, upgradeability, attestation, and capital treatment for banks.
Read the architecture →03 · XRP Ledger
Issuing on XRPL
Trust lines, authorized holders, freeze and clawback, multi-purpose tokens, credentials and permissioned domains, and native DEX/AMM liquidity.
XRPL issuance guide →04 · Developers
Documentation & API
Working code for XRPL and EVM issuance, proof-of-reserve oracles, HTTP 402 machine payments, ISO 20022 messaging, and the public REST API.
Start building →05 · Platform
What UnyKorn has built
A contract suite, a multi-rail settlement engine, compliance and capital tooling, and mainnet pilot deployments you can check on explorers.
See the platform →06 · Lab
Settlement Lab
Interactive tools: a jurisdiction matrix, contract control analysis, an EVM sandbox, a Basel stress-tester, an ISO 20022 studio and a Solidity contract forge.
Launch the lab →Issuance lifecycle
Every stablecoin is a ledger promise backed by an off-ledger balance sheet.
The token is the easy part. What makes a stablecoin institutional is everything around the contract: who can mint, what backs each unit, how redemptions clear, how sanctions are enforced, and how reserves are proven to outsiders.
Walk through the lifecycleOnboard & verify
KYC/KYB, sanctions screening, and credentials for holders who are allowed to mint or redeem.
Fund reserves
Fiat is wired to segregated custody and held in cash, T-bills or reverse repo.
Mint on-ledger
Role-limited minters issue exactly the funded amount on XRPL, Ethereum, Base, Solana or other chains.
Circulate & settle
Payments, DEX liquidity, card settlement and machine-to-machine (x402) payments.
Redeem, burn, attest
Tokens are burned at redemption, and reserves are reconciled and published for outside checks.
Verifiable pilot
Real transactions you can check, not mockups
UnyKorn runs proof-of-concept issuance on XRPL mainnet and Polygon PoS. The figures below are read live from public ledgers by this site's API.
Pilot status. These are test deployments of UnyKorn's issuance tooling. They are not a regulated payment stablecoin, are not offered to the public, and carry no redemption right. Verify every transaction live →
Who uses this
Built for the people who have to sign off
Issuers & fintechs
Design a compliant issuance stack: reserves, roles, chains and attestation, before talking to regulators.
Banks & custodians
Understand deposit tokens versus stablecoins, Basel Group 1b tests, and ISO 20022 reconciliation.
Developers
Copy-ready XRPL and Solidity code, a REST API, and a sandbox for mint, freeze and redemption flows.
AI & agent builders
HTTP 402 payment flows that let software agents pay per request in stablecoins.