GENIUS Act stablecoin framework
Federal Reserve proposed rules for stablecoin issuers under the GENIUS Act, requiring 1:1 reserve backing and redemption within two business days. Capital charges start at 2% for the first $20B in stablecoins.
Federal Reserve proposed rules for stablecoin issuers under the GENIUS Act, requiring 1:1 reserve backing and redemption within two business days. Capital charges start at 2% for the first $20B in stablecoins.