Fed Proposes Rules to Implement GENIUS Act for Stablecoins
The U.S. Federal Reserve proposed rules to implement the GENIUS Act for stablecoins, including regulations for yield programs, according to CoinDesk.
Will federal rules treat stablecoin yield programs like bank deposits, or as a distinct product with different protections? The answer could shape competition between banks and stablecoin issuers for years. It may also decide whether stablecoin yield stays accessible to everyday users or becomes limited to institutional players.
https://www.bonuz.xyz/en/blog/fed-genius-act-stablecoin-rules-proposal
The U.S. Federal Reserve proposed rules to implement the GENIUS Act for stablecoins, including regulations for yield programs, according to CoinDesk.
Will federal rules treat stablecoin yield programs like bank deposits, or as a distinct product with different protections? The answer could shape competition between banks and stablecoin issuers for years. It may also decide whether stablecoin yield stays accessible to everyday users or becomes limited to institutional players.
https://www.bonuz.xyz/en/blog/fed-genius-act-stablecoin-rules-proposal
