The Fed unveils stablecoin proposals, including requiring some issuers to fully back tokens with permissible reserve assets, such as short-term Treasury bills (Megan Howard/Bloomberg)

The Federal Reserve announced new stablecoin rules that would require certain issuers to fully back their tokens with permissible reserve assets, such as short-term Treasury bills. The proposal aims to increase transparency and reduce risk by ensuring stablecoins are backed by high-quality, liquid securities. These measures would apply to issuers that meet the Fed’s defined criteria for reserve backing.