Fed Proposes Capital Charges and Bank Approval Rules for Stablecoins
TLDR — The Federal Reserve on Sept.
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The Federal Reserve on Sept. 24 proposed rules requiring payment-stablecoin issuers it supervises to hold full reserve backing and capital against operational and certain credit risks, alongside an approval process for bank subsidiaries. The main requirements would cover approved subsidiaries of... Read the full story at The Defiant
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