US Federal Reserve proposes new stablecoin rules - Reuters

The US Federal Reserve has proposed new stablecoin rules under the GENIUS Act. These proposals, currently open for comment, mandate that supervised issuers back their tokens fully with safe assets. Additionally, the central bank is establishing a formal application process for banks that intend to issue stablecoins. These measures focus specifically on reserves and capital requirements to ensure stability within the digital asset ecosystem as the Federal Reserve seeks to regulate these financial instruments.