The Federal Reserve proposed requiring payment stablecoin issuers to fully back their tokens with short-term Treasury bills or other highly liquid assets, alongside standardized capital requirements and risk-management standards. A new application process would be created for board-supervised banks seeking to issue stablecoins. The proposal advances implementation of the GENIUS Act, signed by President Donald Trump last year, which mandates full backing by dollars or liquid assets and annual audits, with a January 2027 effective date. Governor Michael Barr supported the proposal but urged stronger anti-money laundering standards, questioning the "significant or systemic" threshold for enforcement actions.

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  1. First reportFederal Reserve proposes GENIUS Act framework for payment stablecoin issuers34 acc.
  2. Leviathan published this article
  3. UpdateFed proposes stricter capital, redemption and reserve rules for stablecoin issuers3 acc.

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Cited posts

  • @TreeNewsFeed Tree NewsFirst reportOn X ↗

    FEDERAL RESERVE: Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Acthttps://t.co/8QFQSz9qZc

  • @federalreserve Federal ReserveOn X ↗

    @federalreserve requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act: https://t.co/WD0OsCS9cS

  • @CryptosR_Us CryptosRusOn X ↗

    BREAKING: 🇺🇸 The Federal Reserve is moving forward with implementing the GENIUS Act, unveiling two proposals for regulating payment stablecoins. The rules would establish reserve and capital requirements for stablecoin issuers and create a formal process for Fed-supervised banks…

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  • @bwenews 方程式新闻 BWEnews 🏎️On X ↗

    Tree News: FEDERAL RESERVE: Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Acthttps://t.co/kTrFEwoB0H Tree News:…

  • @Crypto_Crib_ Crypto CribOn X ↗

    🇺🇸 Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin under the GENIUS Act. - Press Release 👀

  • @UpsideMediaoff UpsideOn X ↗

    🚨🇺🇸 La Fed veut que chaque stablecoin bancaire soit couvert à 100% par des réserves sûres. Ses deux projets de règles, publiés le 24 septembre dans le cadre du GENIUS Act, visent les filiales de banques placées sous sa supervision. Les grands émetteurs comme Circle et Paxos… https://t.co/MCkPmfW2GM

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