🚨 The Federal Reserve just put out its proposed rules for the GENIUS Act in the Federal Register
@MetallicusTDBN
The 104 page document lays out how the Fed will oversee payment stablecoin issuers. It covers:
🔸Reserve requirements
🔸Capital standards
🔸Redemption rules
🔸Risk management
🔸Stablecoin custody
🔸Bank subsidiaries that issue stablecoins and Safekeeping of reserves and private keys
The proposal also keeps tokenized bank deposits separate from payment stablecoins, so deposits recorded on distributed ledgers stay under their own rules. Comments are due November 30.
For
@MetallicusTDBN and The Digital Banking Network, clearer rules on reserves, redemption, and custody give banks and credit unions a more defined path to issue stablecoins on compliant infrastructure
@MetalDollarXMD
This fits the sandbox pilots and core connected setups Metallicus already runs, including work with institutions launching branded stablecoins, while the split from tokenized deposits lets them support both models without forcing everything into one framework.
$XPR $METAL $LOAN $BTC $XRP $ETH $SOL $XLM $BNB $USDC $PYUSD $USDT $HBAR $DOGE $USDC $RLUSD $OUSD $MGUSD