#StablecoinRulesAdvance

#StablecoinRulesAdvance Stablecoins are starting to look less like crypto products and more like financial infrastructure 👀 The Fed is seeking input on reserve, capital, custody and risk rules, while SoFi is already settling Mastercard transactions with SoFiUSD. What caught my attention is the scale: its card processing could exceed $25B annualized. The next stablecoin race may not be about trading volume. It may be about who becomes the invisible dollar rail behind everyday payments.

The policy conversation is moving past whether stablecoins matter and toward how they integrate with bank-grade controls. Fed input on reserves, capital, risk management and custody, alongside SoFi's card-settlement plans, points to payments infrastructure as the real test. If execution holds, dollar demand may gain a new distribution rail. #StablecoinRulesAdvance

Stablecoins are becoming one of the most important parts of crypto infrastructure. $USDT and $USDC aren't just trading pairs anymore. As stablecoin adoption expands globally, liquidity can move faster across exchanges and networks. Do you think stablecoins will become the main bridge between traditional finance and crypto? #USStablecoinsGoGlobal #USDT #USDC #BTCPullbackAltRotation #USIranRiskPremium #CostcoQ4EarningsWatch

NEW: Circle launches a 24/7 stablecoin FX engine, targeting a slice of the $10 trillion global currency market by letting screened firms quote, trade and settle supported stablecoin pairs on its Arc blockchain at any hour.

JUST IN: 🇺🇸 Federal Reserve proposes new rules for banks issuing payment stablecoins under the GENIUS Act.

🇺🇸BREAKING: The Fed has proposed its GENIUS Act rules, requiring stablecoins it oversees to be fully backed by Treasury bills and other high-quality assets. Proposal one: - Stablecoins must be fully backed by permissible reserves, such as short-term Treasury bills and other high-quality, liquid assets. - Issuers face standardized capital requirements covering credit and operational risks, plus risk management standards. - New rules cover firms that safekeep stablecoin reserves, and clarify which stablecoin activities Fed-supervised banks can carry out. Proposal two: - Fed-supervised banks applying to issue stablecoins must submit a business plan and financial information. - The proposal also sets a process for appeals, hearings and final decisions on applications. "Stablecoins will only be stable if they can be reliably and promptly redeemed at par in a range of conditions," says Fed Governor Michael Barr. The comment period closes 60 days after publication in the Federal Register.

BREAKING: 🇺🇸 The Fed proposes new rules to let banks issue payment stablecoins under the GENIUS Act, opening the door for regulated banks to enter crypto.

🏦NEW: The Federal Reserve proposes new rules for payment stablecoin issuers under the GENIUS Act. The framework would require permitted reserves and capital standards while creating a tailored approval process for banks seeking to issue stablecoins

*FEDERAL RESERVE UNVEILS PROPOSALS FOR STABLECOIN ISSUERS

BREAKING: SoFi moves its entire card program to blockchain based settlement using its SoFiUSD stablecoin, with more than $25 billion in expected annualized volume.