Except as provided in clause (ii), after the end of the 6-year period beginning on the date the Corporation is appointed as receiver of a payment stablecoin issuer, the Corporation may destroy any records of such institution which the Corporation, in the Corporation’s discretion, determines to be unnecessary unless directed not to do so by a court of competent jurisdiction or governmental agency, or otherwise prohibited by law. (ii) Old records Notwithstanding clause (i), the Corporation may destroy records of a payment stablecoin issuer which are at least 10 years old as of the date on which the Corporation is appointed as the receiver of such payment stablecoin issuer in accordance with clause (i) at any time after such appointment is final, without regard to the 6-year period of limitation contained in clause (i). (16) Fraudulent transfers (A) In general The Corporation, as conservator or receiver for a payment stablecoin issuer, may avoid a transfer of any interest of an institution-affiliated party, or any person who the Corporation determines is a debtor of the issuer, in property, or any obligation incurred by such party or person, that was made within 5 years of the date on which the Corporation was appointed conservator or receiver if such party or person voluntarily or involuntarily made such transfer or incurred such liability with the intent to hinder, delay, or defraud the payment stablecoin issuer, the Corporation, Board, Comptroller, or a State bank supervisor. (B) Right of recovery To the extent a transfer is avoided under subparagraph (A), the Corporation may recover, for the benefit of the payment stablecoin issuer, the property transferred, or, if a court so orders, the value of such property (at the time of such transfer) from— (i) the initial transferee of such transfer or the institution-affiliated party or person for whose benefit such transfer was made