EconomyFed guarantees two-day stablecoin payouts, but $76B remains blocked at exchanges
The Federal Reserve has proposed requiring payment stablecoin issuers under its supervision to normally redeem tokens within two business days. But researchers found at least $76 billion of reserve-backed stablecoins at centralized exchanges, meaning customers may still have to wait for a venue to release or convert their balances before reaching an issuer.
Fed guarantees two-day stablecoin payouts, but $76B remains blocked at exchanges
Economy