Fed Proposes Full Reserve And Capital Rules For US Stablecoin Issuers

The Federal Reserve has proposed two new rulemaking packages for payment stablecoin issuers under the GENIUS Act. Board-supervised issuers would have to fully back tokens with permitted reserve assets and meet standardized capital and risk-management requirements. The proposals are not final rules yet, with a 60-day public comment period ahead. **ID:** N25-01 **Site:** NewsBTC **Status:** READY **Author:** NewsBTC Editorial Team **Focus Keyword:** Stablecoin **Image Keyword:** Regulation **Category:** Regulation **Tags:** Federal Reserve, Stablecoins, GENIUS Act, Banking, Regulation **Primary Source:** https://www.federalreserve.gov/newsevents/pressreleases.htm Stablecoins Would Need Full Reserve Backing Under the first proposal, Board-supervised payment stablecoin issuers would have to back their outstanding tokens fully with permitted reserve assets. The Fed specifically points to short-term Treasury bills and other high-quality liquid assets as the sort of reserves that could qualify. It also wants standardized capital requirements aimed at covering credit and operational risks, alongside broader risk-management standards and rules for firms safeguarding stablecoin reserve asset...