Federal Reserve unveils proposals for stablecoin issuers

The Federal Reserve has unveiled initial proposals to regulate stablecoin issuers, marking the start of a multi-stage rulemaking process with a comment period and potential revisions before final adoption. Key issues include the treatment of reserve assets, redemption and disclosure requirements, and whether issuance is limited to insured banks or open to nonbank entities.

This Wire brief sits within Fusion42's coverage of Fintech.