News: Stablecoins
Fed proposes reserve and capital rules for stablecoin issuers
Two Fed proposals cover reserves, capital and approvals for stablecoin issuers the Board supervises.
PayPal changes Send Money and Bill Pay fees for business accounts
From September 1, PYUSD bill-pay disbursements are free and card-funded ones carry a new fixed fee.
OCC says its GENIUS Act stablecoin rule will be final by November
The Comptroller says the OCC's final stablecoin rule is due by November, ahead of the January 18, 2027 date.
Treasury proposes who may issue and sell stablecoins in the US
Treasury's GENIUS Act proposal defines when a stablecoin is issued or sold to people in the US.
GENIUS Act rule deadline passes with stablecoin rules still in draft
The law gave regulators a year to write its rules. On July 18 the OCC and FDIC texts were still proposals.
OCC clears two more stablecoin trust banks, one aimed at US retail
Sony Bank's Connectia Trust gets preliminary approval; Circle says its national trust bank has final approval.