Federal Reserve requests comment on GENIUS Act stablecoin rules, proposing reserve, capital and application standards
On September 24, 2026 the Federal Reserve Board requested public comment on two proposals to implement the GENIUS Act: one setting reserve‑backing, capital, custody and risk‑management rules for Board‑supervised payment stablecoin issuers, and a second creating a tailored application process for banks seeking to issue stablecoins.
The desk brief
On September 24, 2026 the Federal Reserve Board requested public comment on two proposals to implement the GENIUS Act: one setting reserve‑backing, capital, custody and risk‑management rules for Board‑supervised payment stablecoin issuers, and a second creating a tailored application process for banks seeking to issue stablecoins.
If finalized, the proposals would formalize reserve settlement and custody for dollar-backed stablecoins, potentially shifting flows from informal dollar corridors to regulated on‑ and off‑ramps. That transition could tighten near‑term informal dollar liquidity available to remittance channels and fintech corporates in Nigeria, Ghana and Kenya, although timing and scale depend on implementation, market adoption, and regulatory coordination.
Publication of the Federal Register notices and the close of the 60‑day public comment period after Federal Register publication.
Sources & verification
Developing storyFurther independent confirmation is required.
- Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Actfederalreserve.gov (opens in a new tab)
- Federal Reserve Seeks Comment on Two GENIUS Act Stablecoin Proposalssecurities.ioSource published (opens in a new tab)
Public references supporting this brief.