Key Highlights The Federal Reserve proposed two rules on Thursday to establish oversight for payment stablecoin issuers under the GENIUS Act, opening a 60-day public comment period. The first proposal mandates full backing of stablecoins with approved reserve assets such as short-term U.S. Treasury bills and sets capital requirements for credit and operational risks. The ...
Key Highlights The Federal Reserve proposed two rule sets on September 24 establishing operational standards for payment stablecoin issuers and banks under the GENIUS Act, including full reserve backing and capital requirements. Fed-supervised stablecoin issuers must hold qualifying reserve assets such as short-term U.S. Treasury bills to back all outstanding tokens, plus maintain capital buffers ...
Key Highlights The Federal Reserve published two stablecoin rule proposals on September 24, 2026, creating distinct application paths for insured state member banks and operating rules for issuers under Fed supervision. Proposals establish a $5 million initial capital floor for new issuers with a 2% capital charge on uninsured reserve deposits, plus a 360-day transition ...