Stablecoin Settlement Due-Diligence Checklist for Eligible Businesses

Eligible businesses should complete provider, product, legal, operational and accounting due diligence before using stablecoin settlement. The checklist must be tied to the identified service provider and current terms rather than assuming that a DogPay account automatically includes virtual-asset services.

[ ] Contracting service provider identified [ ] Customer eligibility confirmed in writing [ ] Applicable terms and effective date saved [ ] Geographic availability confirmed for the relevant entity and activity [ ] Required onboarding and ongoing review understood

[ ] Supported stablecoin and blockchain network confirmed [ ] Deposit and withdrawal instructions verified [ ] Conversion or settlement currencies confirmed [ ] Minimums, limits, fees, rate method and timing checked [ ] Finality, reversal and failed-transaction treatment understood

[ ] Approved wallet ownership and purpose recorded [ ] Address-entry and address-change controls documented [ ] Initiator, approver and access roles separated where required [ ] Authentication, recovery and incident contacts tested [ ] Small-value validation procedure defined where appropriate

[ ] Transaction identifier, wallet address, asset, network, amount and time retained [ ] Fiat-side conversion or settlement evidence retained [ ] Fees and exchange differences recorded separately where available [ ] Provider records mapped to invoices and the ledger [ ] Exception and investigation log maintained

[ ] Applicable law and geographic restrictions reviewed [ ] Counterparty and transaction screening responsibilities assigned [ ] Tax and accounting treatment reviewed with qualified advisers [ ] Fraud, sanctions and prohibited-activity controls documented [ ] Exit, suspension and asset-recovery scenarios considered

Are stablecoin services part of every account?

No. They are separate affiliate-provided services for eligible customers and are subject to their own terms and availability.

Can one supported asset be used on every network?

Do not assume so. Confirm the exact asset-network combination with the provider.

Does due diligence guarantee payment acceptance?

No. Acceptance and outcomes are not guaranteed.

Why retain both blockchain and fiat records?

They document different stages of the settlement flow and support end-to-end reconciliation.

DogPay Global Business Account product page: https://dogpay.com/hk/global-bank FATF — Guidance for a Risk-Based Approach to Virtual Assets and VASPs: https://www.fatf-gafi.org/en/publications/Fatfrecommendations/Guidance-rba-virtual-assets.html

USD and supported stablecoin conversion or settlement and crypto payment gateway services are provided by DogPay affiliates to eligible customers, subject to provider terms, applicable law and geographical availability. Availability is not universal. Actual currencies, payment routes and functions depend on the institution, account, product and jurisdiction. Account approval, payment acceptance, fees, exchange rates, speed, coverage and business outcomes are not guaranteed. This checklist is not legal, compliance, tax or accounting advice.