GENIUS Act

Fed Proposes Rule Forcing Stablecoins to Hold Fully Liquid Reserves

The Federal Reserve proposes liquid reserve backing, standardized capital rules, and a bank application process for stablecoin issuers under the GENIUS Act.

OCC to Finalize Stablecoin Rules by November, Applications Open in 2027

The OCC plans to finalize GENIUS Act stablecoin rules by November, allowing it to begin processing issuer applications in early 2027.

Treasury Proposes Rules Deciding Which Stablecoins Need a US Licence

The US Treasury seeks public feedback on proposed GENIUS Act rules covering stablecoin licensing, issuance and sales ahead of implementation.

BNY Expands Stablecoin Push With USDC Custody Services for Institutional Clients

BNY has added USDC to its Digital Asset Custody platform, allowing institutional clients to custody and convert stablecoins as demand grows following the GENIUS Act.

Fidelity Launches Government Money Market Fund for Stablecoin Reserves

Fidelity Investments has launched a new government money market fund designed specifically to serve as a reserve vehicle for stablecoin issuers.