EconomyFed stablecoin proposal would turn circulation into a capital cost for supervised issuers
The Federal Reserve’s proposed framework would tie a payment stablecoin issuer’s baseline operational-risk capital charge directly to coins outstanding. A hypothetical supervised issuer with $1 billion in circulation and no non-reserve revenue would face a $20 million baseline charge, while also needing reserves equal to the coins’ par value. The OCC has proposed a different, business-specific approach.
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CryptoSlate★★☆☆☆2026-09-26 13:35Original
Fed stablecoin proposal would turn circulation into a capital cost for supervised issuers
Economy