Research

Where Compliance Moves When Stablecoin Payments Become Programmable

Stablecoins made execution programmable faster than compliance systems made authorization legible. Once a wallet operation assembles itself from prompts, tool calls, delegated keys, and sponsor logic, the institutional edge becomes an outer ring rather than the decisive gate. This piece maps where compliance moves when that happens, what the strongest minimum architecture looks like for programmable stablecoin flows, and what it still cannot solve.