Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act
Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act
Source: Federal Reserve
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DW NOTE
The Fed is publishing stablecoin rules under the GENIUS Act in September 2026 — two and a half years after Tether began settling more daily payment volume than Visa. The proposal mandates full backing with short-term Treasuries at the exact moment Washington is running a $1.9 trillion deficit and the 10-year yield sits at 4.96%. Stablecoins aren't a regulatory problem waiting for a framework; they're a solution to dollar demand that central banks spent a decade suppressing.