Fed proposes new capital, redemption rules for stablecoin issuers
WORLDTECH Developing: a current development WORLDTECH can ground but not yet describe in full. Details remain limited, the sources below are all WORLDTECH is relying on, and this item is expanded as further usable material arrives.
Single source: this development was reported by Cointelegraph. What WORLDTECH can establish is that the report was made, and by whom. It has not been matched against a second independent organisation and has not been officially confirmed by the organisations involved.
What happened
The Fed’s proposal would set capital requirements, a two-day redemption window and new reserve disclosures as regulators implement the GENIUS Act.
Sources & evidence
- Cointelegraph Reporting source
Fed proposes new capital, redemption rules for stablecoin issuers ↗
https://cointelegraph.com/news/fed-proposes-new-capital-redemption-rules-for-stablecoin-issuers