🚨 Fed Stablecoin Update
The U.S. Fed is proposing stricter rules for payment stablecoins under the GENIUS Act.
Issuers may need 1:1 reserves, stronger capital requirements, and faster redemption procedures during stress.
This could improve transparency and stability, but may also raise costs and favor larger, well-capitalized issuers.
👀 The 60-day comment period could shape the final rules.
#Stablecoin #Crypto #Fed #GENIUSAct
#CoinMarketCapCompletesCoinglassAcquisition
$BCH $SOL $DOGE
The U.S. Fed is proposing stricter rules for payment stablecoins under the GENIUS Act.
Issuers may need 1:1 reserves, stronger capital requirements, and faster redemption procedures during stress.
This could improve transparency and stability, but may also raise costs and favor larger, well-capitalized issuers.
👀 The 60-day comment period could shape the final rules.
#Stablecoin #Crypto #Fed #GENIUSAct
#CoinMarketCapCompletesCoinglassAcquisition
$BCH $SOL $DOGE