Technical dictionary
Stablecoin issuer controls
Off-chain reserves and on-chain mint/burn authorities—issuer keys and banking rails both matter.
Definition
Fiat-backed stablecoins combine attestation, banking, and on-chain mint/burn roles. Quantum risk is multi-domain: host-chain admin keys and traditional PKI/banking channels.
Token holders still face classical EOA risk on each chain the asset is issued on.