; and (ii) title to the books, records, and assets of any previous conservator or other legal custodian of such institution. (B) Operate the institution The Corporation may, as conservator or receiver— (i) take over the assets of and operate the payment stablecoin issuer with all the powers of the members or shareholders, the directors, and the officers of the issuer and conduct all business of the issuer; (ii) collect all obligations and money due to the institution; (iii) perform all functions of the issuer in the name of the issuer which are consistent with the appointment as conservator or receiver; and (iv) preserve and conserve the assets and property of the issuer. (C) Functions of issuer’s officers, directors, and shareholders The Corporation may, by regulation or order, provide for the exercise of any function by any member or stockholder, director, or officer of any payment stablecoin issuer for which the Corporation has been appointed conservator or receiver. (D) Powers as conservator The Corporation may, as conservator, take such action as may be— (i) necessary to put the payment stablecoin issuer in a sound and solvent condition; and (ii) appropriate to carry on the business of the issuer and preserve and conserve the assets and property of the issuer. (E) Additional powers as receiver The Corporation may, as receiver, place the payment stablecoin issuer in liquidation and proceed to realize upon the assets of the issuer, having due regard to the conditions of credit in the locality. (F) Organization of new institutions The Corporation may, as receiver, with respect to any payment stablecoin issuer, organize a bridge payment stablecoin issuer under subsection (m). (G) Merger; transfer of assets and liabilities (i) In general The Corporation may, as conservator or receiver— (I) merge the payment stablecoin issuer with another payment stablecoin issuer