The U.S. Federal Reserve is seeking public comment on two regulatory proposals covering the issuance of payment stablecoins under the Genius Act, according to Cointelegraph. The proposals are aimed at setting up a formal framework for regulated stablecoin issuance. The structure outlined in the report centers on two core elements: a full-reserve asset requirement and an approval process for issuers. Together, those measures are intended to define how payment stablecoins can be issued within a supervised regulatory regime. No additional timeline or implementation details were disclosed in the source material.
The U.S. Federal Reserve has kicked off a public comment period on two regulatory proposals tied to payment stablecoin issuance under the Genius Act, according to Cointelegraph.
The draft rules aim to set up a framework for regulated stablecoin issuance, using full-reserve asset requirements and an approval process.
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