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Fed proposes stablecoin capital charges and faster redemption timelines

The proposal would generally require covered issuers to honor redemptions within two business days, while related bank decisions would be governed by a 120-day clock.

Reported · Written up by our desk · Regulation

The Fed is proposing new rules for stablecoin issuers that would add capital charges and set requirements for bank approvals and token redemptions, according to The Defiant.

Under the proposal, covered issuers would generally have two business days to redeem tokens.

For bank-related applications, the timing would follow the GENIUS Act, which sets a 120-day decision clock.

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