Fed stablecoin proposal would make circulation a capital cost for supervised issuers
The Federal Reserve's proposed framework for stablecoins would classify the circulation of certain supervised issuers as a capital cost, with an operating-risk baseline set at $20 million before adjustments. At present, a stablecoin issuer with $1 billion in outstanding value and no non-reserve revenue faces a baseline of $20 million. For more details, see the original post on CryptoSlate.
The Federal Reserve's proposed framework for stablecoins would classify the circulation of certain supervised issuers as a capital cost, with an operating-risk baseline set at $20 million before adjustments. At present, a stablecoin issuer with $1 billion in outstanding value and no non-reserve revenue faces a baseline of $20 million. For more details, see the original post on CryptoSlate.
Sources
- CryptoSlate — Fed stablecoin proposal would make circulation a capital cost for supervised issuers
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