[Federal Reserve acts! Stablecoins can’t be “issued freely” anymore? 🔥]
💬 稳定币监管进度，X先生粉丝群聊跟进
U.S. stablecoin regulation has taken another big step forward.
On September 24, the Federal Reserve released two sets of regulatory proposals, officially advancing the implementation of the GENIUS Act.
In simple terms, the Fed is preparing to add a few “hard” requirements for stablecoin issuers: for every amount of stablecoins issued, there must be corresponding compliant reserve assets to provide 100% backing—such as highly liquid assets like short-term U.S. Treasury securities.
At the same time, issuers must also meet capital requirements and risk-management standards.
More importantly, banks may also officially get involved.
In this round, the Fed also proposed a specific application process that would allow banks under its supervision to apply to issue payment-type stablecoins through a subsidiary.
What does this mean?
When people discussed stablecoins before, they mostly thought of USDT and USDC.
But in the future, a new shift could emerge: traditional banks themselves may issue stablecoins, directly moving into on-chain payments and settlement.
And this proposal is already starting to touch on issues behind stablecoins—reserve custody, capital, and risk management, among others.
📌 So what’s truly worth watching isn’t just that the Fed has begun regulating stablecoins—it’s that the U.S. is gradually integrating stablecoins into the traditional financial system.
From crypto trading tools, to payments and settlement, and then to bank-issued stablecoins, stablecoins are becoming an increasingly formal financial infrastructure.
These are still only proposals at the moment. The Fed will open a 60-day public comment period, and the final rules may still be adjusted.
#美联储拟定银行发行支付稳定币规则
💬 稳定币监管进度，X先生粉丝群聊跟进
U.S. stablecoin regulation has taken another big step forward.
On September 24, the Federal Reserve released two sets of regulatory proposals, officially advancing the implementation of the GENIUS Act.
In simple terms, the Fed is preparing to add a few “hard” requirements for stablecoin issuers: for every amount of stablecoins issued, there must be corresponding compliant reserve assets to provide 100% backing—such as highly liquid assets like short-term U.S. Treasury securities.
At the same time, issuers must also meet capital requirements and risk-management standards.
More importantly, banks may also officially get involved.
In this round, the Fed also proposed a specific application process that would allow banks under its supervision to apply to issue payment-type stablecoins through a subsidiary.
What does this mean?
When people discussed stablecoins before, they mostly thought of USDT and USDC.
But in the future, a new shift could emerge: traditional banks themselves may issue stablecoins, directly moving into on-chain payments and settlement.
And this proposal is already starting to touch on issues behind stablecoins—reserve custody, capital, and risk management, among others.
📌 So what’s truly worth watching isn’t just that the Fed has begun regulating stablecoins—it’s that the U.S. is gradually integrating stablecoins into the traditional financial system.
From crypto trading tools, to payments and settlement, and then to bank-issued stablecoins, stablecoins are becoming an increasingly formal financial infrastructure.
These are still only proposals at the moment. The Fed will open a 60-day public comment period, and the final rules may still be adjusted.
#美联储拟定银行发行支付稳定币规则
