MonitoringPolicyRegulatory actionFirst tracked 2026-09-24Last changed 2026-09-24
Current outcome
The Federal Reserve opened two public-comment proposals requiring Fed-supervised stablecoin issuers to fully back tokens with safe liquid assets like short-term T-bills and meet standardized capital, risk-management and reserve-safekeeping standards, plus a tailored application process for banks seeking to issue stablecoins.
Progress timeline
1 material updates- #01
Federal Reserve Unveils Stablecoin Rules on Reserves and Capital
The Federal Reserve opened two public-comment proposals requiring Fed-supervised stablecoin issuers to fully back tokens with safe liquid assets like short-term T-bills and meet standardized capital, risk-management and reserve-safekeeping standards, plus a tailored application process for banks seeking to issue stablecoins.
Source evidence: Decrypt · tokenpost.com