Search results for U.S. Treasury securities
Crypto
Fed unveils rule proposal requiring stablecoin issuers to fully back tokens with Treasuries
The U.S. Federal Reserve unveiled proposals to require payment stablecoin issuers it supervises to fully back tokens with permitted reserve assets, including short-term U.S. Treasuries and other high-quality liquid assets. It also proposed standardized capital requirements and risk management standards, rules for custodians of reserve assets, and limits for supervised banks’ stablecoin-related activities. A separate proposal sets procedures for banks seeking approval to issue payment stablecoins via subsidiaries.
Crypto
Financial sector \'digital asset alliance\' spreads as firms build infrastructure ahead of regulation
As debate continues in South Korea over regulating digital assets, financial firms are accelerating efforts to secure related infrastructure. Banks, securities firms and asset managers are moving beyond investment and cooperation with exchanges to widen ties with global blockchain foundations, real-world asset companies and token securities platforms. Industry participants are signing partnerships and making equity investments, while firms also examine stablecoin, tokenisation and distributed-ledger infrastructure as they prepare for competition after formal rules are set.
Crypto
Former BIS head who targeted stablecoins signals shift, says they should coexist with fiat money
Agustin Carstens, former general manager of the Bank for International Settlements, has eased his stance on stablecoins and publicly mentioned the possibility of their coexistence with fiat money. Speaking at the Point Zero Forum, he said stablecoins could contribute to financial innovation, inclusion and lower costs, and called for conditions enabling coexistence. Analysts say the BIS stance has not changed, as it continues to warn of trust and stability risks.
