# The Fed proposes stablecoin rules under the GENIUS Act — QANATONE

> The Fed opened reserve, capital and application rules for stablecoins issued by banks it supervises to public comment. Comments run for 60…

Kaynak: https://www.qanatone.com/en/haber/fed-genius-stablecoin-kurallari/

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# The Fed proposes stablecoin rules under the GENIUS Act

24 Sep 2026 1 min read News · Finance

The Fed opened reserve, capital and application rules for stablecoins issued by banks it supervises to public comment. Comments run for 60 days.

## What was proposed

On September 24 the Federal Reserve Board asked for public comment on two draft rules for the payment-stablecoin issuers it supervises. They are among the first major steps to implement the GENIUS Act, signed into law in July 2025.

## The rules

Under the first package, issuers must fully back their stablecoins with permitted high-quality liquid reserve assets such as short-term Treasury bills, and face capital requirements for credit and operational risk plus risk-management standards. The second sets a tailored application process for Fed-supervised banks that want to issue payment stablecoins, with procedures for appeals, hearings and final decisions.

## What is next

The drafts are open for 60 days of comment. Fed Governor Michael Barr called for stronger safeguards. After the [MiCA debate in Europe](https://www.qanatone.com/en/haber/tether-mica-lisansi-almadi/), the rules will shape how dollar stablecoins enter the US banking system.

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