EconomyProposed stablecoin rules could guarantee your dollar while making you wait a week to spend it
The OCC’s proposed framework would generally give issuers two business days to redeem stablecoins, but a 24-hour redemption surge above 10% of outstanding issuance could extend the period to seven calendar days. Secondary-market trading could continue, while conversion providers may have to fund customers’ earlier exits and bear the waiting exposure.
Proposed stablecoin rules could guarantee your dollar while making you wait a week to spend it
Economy