The U.S. Federal Reserve proposes new regulations to implement the 2024 GENIUS Act for stablecoin issuers it supervises. The proposals include requirements tied to how issuers hold reserves and how they manage liquidity and customer redemptions.
Across outlets, the reported details emphasize both financial safeguards and operational standards. The Fed’s plan would require issuers to back stablecoins with specified types of safe assets and would set limits and disclosure expectations around reserve holdings. It also includes capital requirements and rules that address stablecoin yield programs. Cointelegraph additionally reports a planned redemption framework that includes a two-day redemption window.
Other coverage also highlights the regulatory process and potential pathways for regulated banks. Decrypt reports that the Fed opened proposals for public comment and describes a process for banks seeking to issue stablecoins under the GENIUS Act framework. CoinDesk similarly frames the effort as implementing the GENIUS Act through rulemaking, including coverage of stablecoin yield programs, while The Block focuses on reserve limits and standardized capital standards.
