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Home / More News / Fed’s Proposed Stablecoin Rules Put GENIUS Act’s Dollar Test to Work

Fed’s Proposed Stablecoin Rules Put GENIUS Act’s Dollar Test to Work

  Crypto Today
Fed’s Proposed Stablecoin Rules Put GENIUS Act’s Dollar Test to Work
The Federal Reserve is proposing a rulebook for bank-issued payment stablecoins that gets strikingly specific. Basically, every $1 of tokens must be backed by at least $1 of permitted reserves, customers generally must be redeemable within two business days, and an issuer that stays short of required capital could ultimately be forced to liquidate its […]

Source: Bitcoin.com News


  Crypto Today