Overcollateralized Stablecoin / illustrative case
Meridian USD
A collateral-backed issuance system combining isolated vaults, aggregate reserve accounting and permissioned emergency controls.
Component architecture
Collateral VaultsPrice OracleIssuance CoreLiquidation EngineReserve Ledger
Research scope
Assessment boundaries.
Minting and redemption
Reserve accounting
Liquidation engine
Oracle fallback
Emergency governance
Risk classification
Debt accountingHigh
Oracle fallbackMedium
Governance scopeMedium
Assessment timeline
From architecture freeze to verified remediation.
W1
Scope and architecture freeze
W2
Manual and adversarial assessment
W3
Preliminary findings workshop
W4
Remediation implementation
W5
Correction verification
Remediation status: verified