NCUA Proposes 26 New Stablecoin Reporting Fields for Credit Unions
- —17 of the 26 fields cover custody services for third-party issuers
- —Nine fields address custody and control of cryptographic keys
- —Five fields track issuer exposure, four cover own stablecoin holdings
- —Estimated burden: 47 hours per quarterly report across 4,224 credit unions
Why it matters: The expansion would embed stablecoins in US banking supervision and set disclosure standards for smaller financial institutions.
Source: Bitcoin.com
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