BREAKING: Federal Reserve Proposes Payment Stablecoin Rules! 🏦💵
On September 24, 2026, the Fed proposed new rules to implement the GENIUS Act.
Key Highlights:
✅ 1:1 Backing Mandatory: Issuers must hold $1 in permitted reserves for every $1 stablecoin. Allowed reserves: cash, Fed balances, short-term T-Bills (≤93 days).
✅ 2-Day Redemption: Issuers must redeem tokens within two business days.
✅ Capital Rules: 2% on the first $20B, 1% on amounts over $50B. Shortfalls may lead to forced liquidation and redemption.
✅ Bank Approval: 120-day Fed decision window, auto-approved if the Fed remains silent.
A 60-day public comment period is now open. This represents the first concrete prudential framework for stablecoins in the US!
Does this regulation signal mass adoption? What do you think, bullish for $USDT & $USDC C?
#Stablecoin #Fed #GENIUSAct #CryptoRegulation #BinanceSquare $BTC
On September 24, 2026, the Fed proposed new rules to implement the GENIUS Act.
Key Highlights:
✅ 1:1 Backing Mandatory: Issuers must hold $1 in permitted reserves for every $1 stablecoin. Allowed reserves: cash, Fed balances, short-term T-Bills (≤93 days).
✅ 2-Day Redemption: Issuers must redeem tokens within two business days.
✅ Capital Rules: 2% on the first $20B, 1% on amounts over $50B. Shortfalls may lead to forced liquidation and redemption.
✅ Bank Approval: 120-day Fed decision window, auto-approved if the Fed remains silent.
A 60-day public comment period is now open. This represents the first concrete prudential framework for stablecoins in the US!
Does this regulation signal mass adoption? What do you think, bullish for $USDT & $USDC C?
#Stablecoin #Fed #GENIUSAct #CryptoRegulation #BinanceSquare $BTC
