Fed Proposes Stablecoin Rules Under GENIUS Act
- —Reserves must fully cover outstanding tokens with cash, Fed balances and Treasuries maturing in 93 days or less
- —Capital charge of 2% on uninsured deposit claims and 1–2% of outstanding stablecoins for operational risk
- —Issuers falling short must file a remediation plan or liquidate reserves and redeem all tokens
- —Anti-tying rule bars conditioning services on customers buying other products or avoiding competitors
Why it matters: The rules set the compliance standard for USDT and USDC issuers and will shape who can serve the $258 billion U.S. stablecoin market.
Source: Coinpaprika News
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