Wire · operational-macro
Fed Proposes Capital Charges and Bank Approval Rules for Stablecoins
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Fusion42 · 25 September 2026 · Fusion42 review
The Federal Reserve proposed rules requiring certain stablecoin issuers to hold full reserve backing and specific capital against risks, along with an approval process for insured bank subsidiaries issuing stablecoins. This implements detailed capital calculations and application steps under the GENIUS Act, with reserves required to be segregated and redeemable within two business days.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.
◆ ◆ The Wire takeaway
Stablecoin issuers supervised by the Fed now face defined capital and reserve rules with two-day redemption mandates, forcing fintech founders to revisit compliance and capital planning immediately. Approval pathways for bank subsidiaries issuing stablecoins open new entry points but raise the bar on regulatory readiness.
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2 sources · 25 Sep 2026
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