At Any Rate cover image

US Rates: Stablecoins – they’re only getting started

At Any Rate

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Key Provisions of the Stablecoin Regulatory Bill

This chapter examines essential features of a bill regulating stablecoin issuers, focusing on the allowance of only payment stablecoins and the prohibition of yield-bearing options. It also addresses the requirement for stablecoins to be fully backed by liquid assets, alongside lingering uncertainties about non-bank issuers' access to the Federal Reserve's resources.

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