#FedProposesPaymentStablecoinRules
๐จ Important Information: The Federal Reserve proposes requiring 2% capital for issuers of stablecoins! ๐บ๐ธ๐ต
๐ฆ The proposed framework would require 2% capital reserve on the first $20 billion of token issuance for covered payment stablecoin issuers.
๐ซ No direct yield: It would also prohibit covered payment stablecoin issuers from paying interest or direct yield to token holders.
๐ This proposal is part of the Federal Reserveโs implementation of the GENIUS law and includes additional capital and risk-management requirements.
๐ Stablecoin regulations are entering a more defined phase in the United States.
๐ Could stricter capital rules reshape the stablecoin market?
Please follow up
#Fed #StablecoinNews #CryptoMarkets
$BTW
๐จ Important Information: The Federal Reserve proposes requiring 2% capital for issuers of stablecoins! ๐บ๐ธ๐ต
๐ฆ The proposed framework would require 2% capital reserve on the first $20 billion of token issuance for covered payment stablecoin issuers.
๐ซ No direct yield: It would also prohibit covered payment stablecoin issuers from paying interest or direct yield to token holders.
๐ This proposal is part of the Federal Reserveโs implementation of the GENIUS law and includes additional capital and risk-management requirements.
๐ Stablecoin regulations are entering a more defined phase in the United States.
๐ Could stricter capital rules reshape the stablecoin market?
Please follow up
#Fed #StablecoinNews #CryptoMarkets
$BTW
