A token was minted. A market was not opened. · 3 of 4
Chapter 03
There is nothing to speculate on, by the issuer’s own account
A mint is easy to misread as a listing. The published terms block that reading. No public trading. No staking. No governance. No fee utility. Anyone marketing a price is marketing something the issuer has said does not exist.
The commercial work is on the network that does exist. Treasury policy that can move and collateralise dollar balances. Credentials so a verified business is not onboarded twice. Conditional invoices. Wallets that understand an entity, a limit and a jurisdiction. Agent payments that cannot exceed a mandate. Proofs that show eligibility without exporting the customer file.
