Fed Proposes Stablecoin Rules: 1:1 Reserves and 2-Day Redemption

The U.S. Federal Reserve has introduced new regulatory guidelines for stablecoins, requiring 1:1 reserve backing and a two-business-day redemption window. Meanwhile, MoonPay has launched its South Korean entity, partnering with KakaoBank, Woori Bank, and KB Financial Group to develop a KRW-pegged stablecoin. Additionally, Circle and Volante have integrated USDC functionality into institutional payment platforms, as the stablecoin market saw an inflow of over $4 billion in September.