USDF
FTH TRADING
Back Office
XRPL mainnet
Stellar — preview

Audit & Approvals

Operators supervise exceptions — not every normal transaction

Operating Model

"The system automates the work, but humans still govern the risk."

Auto

Checks pass, amount within policy — system mints or redeems end-to-end with no human touch.

Approval Required

Large transaction or policy threshold — paused in queue until authorized operator signs off.

Exception

Reserve mismatch, failed wire, compliance flag — routed here for operator action.

human-governed · workflow-automated · policy-enforced

Pending Approvals

2

Items awaiting authorized sign-off before the system proceeds

250,000.00 USDF

Requested by: treasury@fthtrading.com

ID: iss-hp1-002 · Submitted: Apr 9, 07:36 AM

Customer deposit confirmed — Vertex Capital wire $250,000, TCB reference TCB-2026-04-06-002

Awaiting CFO approval. Reserve check passed.

2,000,000.00 USDF Dual-Approval Required

Requested by: treasury@fthtrading.com

ID: iss-fp7-001 · Submitted: Apr 9, 07:51 AM

Institutional client — FTH Capital Partners Ltd funding round drawdown

Transaction exceeds $1M threshold — dual approval required per Policy P-004.

Active Exceptions

2

Items blocked or flagged — require operator action

75,000.00 USDFPayout Failed

ID: red-fp4-001 · Exception: exc-fp4-001

Wire rejected by Bank of America — invalid beneficiary account. USDF already burned. Manual review required.

Action needed: Re-submit wire or return funds to redeemer. Burn is confirmed and irreversible.

200,000.00 USDFCompliance Review

ID: red-fp6-001

Redemption address is not in the approved wallet registry. Flagged for compliance review per Policy P-006.

Action needed: Review flagged wallet. Clear or escalate to compliance officer.

Recent Audit Trail

Immutable log — all operator actions and system events

Apr 9, 08:16 AMsystemRECONCILIATION RUNAll checks passed. Coverage: 107.4%Pass
Apr 9, 08:13 AMcompliance@fthtrading.comCOMPLIANCE FLAGUnknown wallet flagged for reviewFlagged
Apr 9, 08:06 AMsystemBURN SUBMITTEDXRPL burn tx submitted — awaiting confirmationPending
Apr 9, 08:01 AMtreasury@fthtrading.comISSUANCE REQUESTEDReserve check failed — deposit not settledBlocked
Apr 9, 07:51 AMtreasury@fthtrading.comISSUANCE REQUESTEDAmount exceeds threshold — routed to approval queuePending Approval
Apr 9, 07:36 AMtreasury@fthtrading.comISSUANCE REQUESTEDStandard issuance request submittedPending Approval
Apr 9, 07:21 AMsystemPAYOUT FAILEDWire rejected. Exception EXC-001 created.Exception
Apr 9, 06:21 AMops@fthtrading.comISSUANCE EXECUTED500,000 USDF minted. TxHash: A3F9C2...Success
Apr 9, 05:21 AMcfo@fthtrading.comISSUANCE APPROVEDCFO approved standard issuance requestApproved
Apr 9, 04:51 AMops@fthtrading.comREDEMPTION EXECUTED125,000 USDF burned. Wire dispatched WFB-2026-04-06-8821.Success
Apr 9, 04:21 AMops@fthtrading.comCONVERSION COMPLETED75,000 USDF cross-rail XRPL → Stellar. Burn + release confirmed.Success
Apr 9, 02:21 AMops@fthtrading.comCONVERSION COMPLETED50,000 USDF cross-rail Stellar → XRPL. Burn + release confirmed.Success