Fed Proposes Stablecoin Rule With 'Crisis Clock' That Could Force Liquidation Within 48 Hours
The Federal Reserve's proposed rules for payment stablecoin issuers include a crisis clock. Issuers whose reserves fall below outstanding tokens would have 24 hours to notify the Fed and submit a plan to restore full backing. Unless the gap is closed or the Fed directs otherwise, the issuer must begin liquidating reserves and redeeming tokens by 5 p.m. on the next business day, a window the Fed states is less than 48 hours in many cases. The proposal also allows issuers to continue minting new tokens during this rescue window to avoid signaling distress on-chain, contrasting with the OCC's approach which requires an immediate halt to net new issuance.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
SK Hynix rose 6.78% from its previous close, currently trading at ₩1,213,000.
-
2
SK Hynix rose 8.63% from its previous close, currently trading at ₩1,234,000.
-
3
Samsung Electronics is up 5% from its previous close, currently trading at ₩199,400.
-
4
The Nikkei 225 Index rose 2.89% from its previous close, currently trading at 60,475.78.
-
5
South Korea's KOSPI index rose 4.42% from the previous close, currently trading at 5,240.60
-
6
GRAM (Gram, prev. Toncoin) recorded a trading volume of $3.79 million over the past hour (21x the 7-day average for the same period), currently trading at $1.091
-
7
Taiwan Weighted Index closed up 2.98% from the previous session, currently trading at 42,901.52.
-
8
What is the ACQ Token? Acquire.Fi Project Positioning and Current Market Analysis
-
9
How to Buy TRX and Generate a Wallet Address on Binance: A Detailed Guide
-
10
Ten Historical Stories of Bitcoin: From the Genesis Block and Bitcoin Pizza Day to HODL
Markets Today
Recommended Reading





