The Fed unveils stablecoin proposals, including requiring some issuers to fully back tokens with permissible reserve assets, such as short-term Treasury bills
THE SO WHAT
The Fed’s push to require stablecoins be fully backed by short-term Treasuries turns serious issuers into shadow money-market funds. If you’re building on stablecoins, counterparty risk now includes regulatory capital rules—treat issuer selection like choosing a bank, not a dev tool.
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