#fedproposespaymentstablecoinrules 🚨
FED PROPOSES GENIUS ACT RULES ON STABLECOIN
YIELD!

The Federal Reserve put out draft
rules for payment stablecoin
issuers it supervises.

Tokens would have to stay fully backed by allowed reserves such as short-term Treasuries.

The draft also bans paying yield just for holding the stablecoin, and treats some third-party reward setups as off-limits.
That means you keep a dollar token, the issuer keeps the Treasury interest.

$FARTCOIN $AR $RAVE