News ยท Regulation & Policy
Federal regulators propose licensing standards, reserve backing rules, and foreign issuer requirements under the stablecoin law.
Key point 1 of 3
01
Treasury proposed rules requiring federal or state licenses to issue payment stablecoins in the US starting January 18, 2027.
Key point 2 of 3
02
By July 18, 2028, digital asset service providers cannot offer stablecoins to US persons unless issued by a licensed entity.
Key point 3 of 3
03
FDIC rules set capital, reserve, and risk standards while clarifying pass-through insurance and tokenized deposit treatment.
Context
The GENIUS Act established a unified statutory framework for payment stablecoins, directing federal agencies to define licensing standards and banking integration requirements.
Why it matters
Stablecoin issuers, digital asset service providers, and custodial banks must meet specific capital, reserve, and licensing standards to access or remain in US markets.
What to watch
The 60-day public comment periods following Federal Register publication and the law's initial effective date on January 18, 2027.
Sources
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