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1/ Issuing a stablecoin means putting a token into the world that's redeemable, one-to-one, for something stable, and proving the backing is really there. Minting it is easy. Earning trust is not. This carousel breaks it into seven steps, starting with the model and the jurisdiction.

2/ Reserves have to be real and provable: cash, insured deposits, short-dated Treasuries, held with a custodian who can't touch your funds. The contract system needs access control, supply management, and pause/freeze. Compliance checks every transaction automatically.