The PPSI category matters because stablecoin issuance is not only a reserve or prudential question. It also brings financial-crime controls into the issuer operating model, including sanctions compliance and the ability to block, freeze, or reject impermissible transactions where applicable.
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Glossary term
What is PPSI?
PPSI means permitted payment stablecoin issuer under the U.S. GENIUS Act framework. A PPSI is authorized to issue payment stablecoins and is treated as a financial institution for Bank Secrecy Act purposes, bringing AML, sanctions, customer identification, due diligence, recordkeeping, monitoring, and suspicious-activity reporting expectations into the issuer program.