Federal Reserve har foreslået to nye regelsæt for udstedere af betalingsstablecoins under GENIUS Act. Udstedere, der er under tilsyn af Board, vil skulle fuldt ud dække deres tokens med tilladte reserveaktiver og opfylde standardiserede kapital- og risikostyringskrav. Disse forslag er endnu ikke endelige regler, og der forestår en 60-dages offentlig høringsperiode. ID: N25-01 Site: NewsBTC Status: READY Author: NewsBTC Editorial Team Focus Keyword: Stablecoin Image Keyword: Regulation Category: Regulation Tags: Federal Reserve, Stablecoins, GENIUS Act, Banking, Regulation Primary Source: https://www.federalreserve.gov/newsevents/pressreleases.htm Stablecoins Would Need Full Reserve Backing Under the first proposal, payment stablecoin issuers supervised by the Board would have to fully back their outstanding tokens with permitted reserve assets. The Fed specifically mentions short-term Treasury bills and other high-quality liquid assets as examples of qualifying reserves. It also wants standardized capital requirements to cover credit and operational risks, along with broader risk-management standards and rules for firms that safeguard stablecoin reserve assets. For banks already under Federal Reserve supervision, the proposal would also clarify which stablecoin-related activities are allowed. This matters because the legal framework created by Congress still needs to become something institutions can actually operate under. A law can establish broad permission to issue regulated stablecoins. But banks still need detailed answers on reserve composition, capital, custody, and supervision before they can launch products at scale. Banks Would Get A Dedicated Application Process The Fed’s second proposal addresses that entry point. Board-supervised banks seeking to issue payment stablecoins would have to submit an application that includes a business plan and financial information. The framework would also create formal processes for decisions, hearings, and appeals. None of this is final yet. The Federal Reserve is seeking public comment, with the comment period closing 60 days after publication in the Federal Register. Governor Michael Barr supported the direction of the proposal while stressing the need for clear redemption rights and strong safeguards. That debate is likely to become one of the key details. A stablecoin only works like dependable digital cash if holders believe they can get their dollars back at par, even under stress. The GENIUS Act created the statutory framework. The Fed is now beginning the much harder work of deciding what regulated stablecoin issuance actually looks like in practice. This article was written by the News Desk and edited by [Samuel Rae](https://www.newsbtc.com/author/rae-samuel/).
Frequently Asked Questions
FAQs The Feds Proposed Full Reserve and Capital Rules for US Stablecoin Issuers
1 What are stablecoins in simple terms
Digital tokens designed to keep a steady value usually 1 Theyre often backed by cash or shortterm government debt
2 What is the Fed actually proposing
Rules that would require stablecoin issuers to hold 100 of their reserves in safe assets like cash and Treasury bills plus meet minimum capital requirements
3 What does full reserve mean
Every stablecoin in circulation must be backed onetoone by safe liquid assets No lending out or investing customer money in risky things
4 Why does the Fed want full reserves
So that if people rush to redeem their stablecoins the issuer can actually pay everyone back without collapsing
5 What are capital rules and why do they matter
Capital rules force issuers to keep extra money of their own on hand as a cushion against losses or operational mistakesseparate from customer reserves
6 Who would these rules apply to
Stablecoin issuers operating in or serving the US market especially banks and bankaffiliated companies issuing dollarpegged tokens
7 What counts as a safe reserve asset
Typically cash bank deposits and shortterm US Treasury securities Things like corporate bonds or crypto would not qualify
8 How is this different from todays rules
Right now reserve requirements vary by state and issuer This would create a single federal standard with stricter clearer rules
9 What are the main benefits
Stronger consumer protection fewer runs on issuers more trust in stablecoins and a level playing field for everyone issuing them
10 What problems could this create
Lower profits for issuers possible fees for users and smaller issuers struggling to meet capital requirements
11 Will this affect the stablecoins I already hold
Indirectly yes Issuers may change how they operate adjust fees or restructurebut your coins should still be redeemable at 1 if the issuer complies
12 Could this push stablecoin activity overseas
Possibly If US rules are much stricter than other countries some issuers might move offshorethough US market access is a strong incentive to stay