Fed Proposes Two-Day Redemption Rule for Stablecoins
- —Redemption deadline set at two business days after request, with KYC and sanctions exceptions
- —Reserves must cover at least 100% of outstanding stablecoin nominal value
- —Capital: 2% on first $20B issued, 1.5% on next $30B, 1% thereafter
- —Comments open until November 30, 2026; global stablecoin market at $307.1B
Why it matters: The rules set a US liquidity and reserve standard for issuers and could affect USDT and USDC.
Source: Cointribune