The Visa network for stablecoin banking.
The stablecoin market has a correspondent banking problem. A stablecoin is only as useful as its redemption network. SBT builds that network by distributing a proven banking platform to regulated institutions globally — each one becomes a correspondent node capable of local redemption, settlement, and custody.
The stablecoin redemption problem.
Today's major stablecoin issuers handle global redemption through a combination of direct banking relationships, partner networks, and centralized treasury operations. Circle maintains banking partnerships and its Circle Mint platform for institutional redemption. Tether operates through a network of banking and exchange relationships. Both models took years and significant capital to build.
For any new stablecoin issuer — particularly a regulated bank — building comparable global redemption coverage from scratch is a multi-year, capital-intensive challenge. Without local redemption partners, a bank-issued stablecoin is limited to the issuer's own jurisdiction and banking relationships.
SBT approaches this differently. Instead of assembling redemption partnerships one at a time, we distribute a banking platform that every institution needs. Each bank that deploys the platform becomes a correspondent node automatically. The network builds itself.
Deploy the platform. Join the network. Strengthen every node.
Institution Deploys SBT
A regulated bank deploys the SBT platform for its own fiat and digital asset banking operations. The platform is valuable standalone — full operational stack, compliance engine, client applications.
Institution Joins the Network
By deploying SBT, the institution becomes a correspondent node. It can provide local redemption and settlement for stablecoins issued by anchor tenants — and it can participate in settlement corridors.
Network Gets Stronger
Every new node adds redemption coverage, liquidity depth, and corridor access. The stablecoin that was redeemable in 5 jurisdictions becomes redeemable in 10, then 30, then globally.
Reserves Compound
More redemption coverage drives more adoption. More adoption drives more circulation. More circulation means more reserve assets on the anchor's balance sheet, generating yield and compounding franchise value.
Four roles. One network.
Not every institution needs to be a direct counterparty to every other institution. The network supports selective connectivity — banks participate at the level that matches their capabilities and ambitions.
Anchor Tenants
Licensed banks that issue stablecoins and hold the reserve assets backing them. The custodian backbone of the network. Every correspondent node drives deposits onto the anchor's balance sheet. Reserves grow as the network grows.
Correspondent Nodes
Regulated institutions in jurisdictions around the world providing local redemption, settlement, and custody services. Each node strengthens the network for every other participant. Powered by the SBT platform.
Sponsor Banks
Settlement members that provide access for smaller or less-connected institutions. A bank that cannot be a direct settlement member can participate through an approved sponsor — like clearing members in traditional markets.
Liquidity Providers
Banks and regulated FX providers that commit balance sheet and quote obligations for specific corridors. They provide the execution depth that makes settlement reliable.
Each institution that joins makes every other institution's participation more valuable.
More Nodes, More Redemption Coverage
A stablecoin is only as useful as the places it can be redeemed. Each institution that joins the network adds local redemption capability in a new jurisdiction. The stablecoin becomes redeemable everywhere a node operates.
More Corridors, Less Correspondent Dependence
Every new corridor reduces the need for long, opaque correspondent chains. A bank in Singapore and a bank in Abu Dhabi don't need five intermediaries — they need to be on the same network.
More Reserves, More Franchise Value
Every dollar of stablecoin in circulation across the network is backed by reserve assets generating yield. As circulation grows, reserves grow. As reserves grow, the franchise value of the anchor tenant compounds.
More Nodes, Better Compliance Coverage
Each institution brings local regulatory expertise, local banking relationships, and local compliance knowledge. The network's compliance surface area expands with every node.
Join the network.
Whether as an anchor tenant, a correspondent node, or a sponsor bank — a conversation with our team will clarify how your institution fits into the network and what the economics look like.