Circle primer pitches stablecoins as treasury settlement rail

• —Circle says stablecoins complement, not replace, bank accounts and ERP processes
• —Reserves should be high-quality liquid assets at regulated custodians with 1:1 redemption
• —Treasurers are advised to reconcile onchain balances daily and run stress-redemption drills
• —Use cases include cross-border payments, intercompany liquidity and 24/7 settlement