TechnologyFed unveils stablecoin proposals with reserve requirements for some issuers
Techmeme, citing Bloomberg, says some issuers would have to fully back their tokens with permissible reserve assets, such as short-term Treasury bills.
TLDR
The Fed unveiled stablecoin proposals that include requiring some issuers to fully back their tokens with permissible reserve assets, according to Techmeme’s summary of Bloomberg reporting. Short-term Treasury bills are one example of those assets.
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Fed unveils stablecoin proposals with reserve requirements for some issuers
Techmeme, citing Bloomberg, says some issuers would have to fully back their tokens with permissible reserve assets, such as short-term Treasury bills.
TLDR
The Fed unveiled stablecoin proposals that include requiring some issuers to fully back their tokens with permissible reserve assets, according to Techmeme’s summary of Bloomberg reporting. Short-term Treasury bills are one example of those assets.