Federal Reserve proposes capital and redemption requirements for stablecoin issuers

Source Summary

The Federal Reserve has proposed new regulatory rules for stablecoin issuers, including capital requirements, a two-day redemption window, and enhanced reserve disclosures. These rules are being implemented as part of the GENIUS Act framework.

Why it matters

These rules establish the first comprehensive federal framework for stablecoin regulation, directly affecting how digital currency issuers must operate and maintain reserves.