#FedProposesPaymentStablecoinRules
๐จ FED OPENS THE DOOR FOR BANK-ISSUED STABLECOINS
The Federal Reserve has proposed new rules under the GENIUS Act that would allow Fed-supervised banks to apply to issue payment stablecoins.
The proposal includes reserve requirements, capital standards, risk controls, and a dedicated approval process for banks entering the stablecoin market.
This could mark another major step toward bringing traditional banking deeper into the digital-asset ecosystem. ๐ฆ๐ต
#Stablecoins #Crypto #Bitcoin #Ethereum #GENIUSAct #FederalReserve #Blockchain #CryptoNews
๐จ FED OPENS THE DOOR FOR BANK-ISSUED STABLECOINS
The Federal Reserve has proposed new rules under the GENIUS Act that would allow Fed-supervised banks to apply to issue payment stablecoins.
The proposal includes reserve requirements, capital standards, risk controls, and a dedicated approval process for banks entering the stablecoin market.
This could mark another major step toward bringing traditional banking deeper into the digital-asset ecosystem. ๐ฆ๐ต
#Stablecoins #Crypto #Bitcoin #Ethereum #GENIUSAct #FederalReserve #Blockchain #CryptoNews
