Post
Zuby - PK
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🏦 Federal Reserve Proposes Stablecoin Rules
🇺🇸 The Federal Reserve proposed two rules on September 24 to implement the GENIUS Act and establish requirements for payment stablecoin issuers.
💵 100% Reserve Backing
🔒 Fed-supervised issuers would need reserves fully covering their outstanding stablecoins.
🏛️ Eligible assets could include short-term U.S. Treasury bills and other high-quality liquid assets.
📊 New capital and risk-management standards would also apply.
🏦 Bank Issuance Framework
📝 The Fed would create a specific application process for supervised banks seeking to issue payment stablecoins, including business and financial requirements.
⏳ What’s Next?
🌐 Public comments will remain open for 60 days after Federal Register publication.
🚀 The proposals aim to provide clearer rules for stablecoin issuers and banks while strengthening reserve and risk controls.
🏷️#FederalReserveStablecoinRules #GENIUSActStablecoins #USStablecoinRegulation
🇺🇸 The Federal Reserve proposed two rules on September 24 to implement the GENIUS Act and establish requirements for payment stablecoin issuers.
💵 100% Reserve Backing
🔒 Fed-supervised issuers would need reserves fully covering their outstanding stablecoins.
🏛️ Eligible assets could include short-term U.S. Treasury bills and other high-quality liquid assets.
📊 New capital and risk-management standards would also apply.
🏦 Bank Issuance Framework
📝 The Fed would create a specific application process for supervised banks seeking to issue payment stablecoins, including business and financial requirements.
⏳ What’s Next?
🌐 Public comments will remain open for 60 days after Federal Register publication.
🚀 The proposals aim to provide clearer rules for stablecoin issuers and banks while strengthening reserve and risk controls.
🏷️#FederalReserveStablecoinRules #GENIUSActStablecoins #USStablecoinRegulation
