The GRS is designed to support multiple providers issuing (crypto) coins and (OTC) notes on a common global dollar standard. To a large extent the system is able to remain technologically and institutionally agnostic, as well as being resilient to local failure.

Cryptocurrency exchanges that become members of the GRS will issue their own global dollar coins for use on their markets, and these coins may also be used by customers for other purposes outside the exchange. Each exchange will retire the coins of other exchanges in order to issue its own, thereby standardising the global dollar holdings of its customers, increasing its own revenue, and avoiding any settlement risk arising from outside coins.

Although settlement involves a very low risk in any given instance, institutions accepting a wide variety of global dollars in the long-term may encounter occasional cases of failure for technological or institutional reasons. Debasement might occur, for example, if coins are issued beyond the amount covered by the settlement account of the provider. These coins would then be wound up at some proportion of their nominal value. Customers can discriminate between providers; technical doubts or lack of transparency will result in a declining money supply, and providers will tend to compete on this basis. Member institutions can eliminate this risk for internal transactions by transferring global dollar credit to their own settlement account as soon as possible.

Stock brokers and banks will follow essentially the same procedure as crypto exchanges when issuing OTC global dollar notes. Anti-money laundering (AML) and counter terrorism financing (CTF) regulations give rise to additional complications in the case of coin to note transformation, but these should be mitigated by an increasing emphasis on compliance and record-keeping within the cryptocurrency sector. Further development in this area is essential to the future of cryptocurrency as currency. In some instances financial institutions may still choose not to accept certain global dollar coins, but isolated cases will be a relatively minor concern within the context of the overall system. The AML/CTF issue should not be a significant barrier to adoption of the global dollar standard by mainstream financial institutions.