CoinScoopFed proposes new reserve rules for payment stablecoins under GENIUS Act
The U.S. Federal Reserve unveiled proposed rules under the GENIUS Act, outlining reserve, capital, and risk-management requirements for issuers of payment stablecoins. The proposal specifies eligible assets, including short-term U.S. Treasury bills and other high-quality liquid instruments.
Summaries are written by AI from the original article. Not investment advice.