# Federal Reserve Proposes Stablecoin Issuer Rules

The Federal Reserve Board issued two proposed rules under the GENIUS Act covering payment stablecoin issuers and related activities it supervises. The proposals would establish reserve, capital, risk-management, and asset-safekeeping standards, along with an application and appeals process for Board-supervised banks seeking approval to issue stablecoins. Interested parties may submit comments within 60 days after publication in the Federal Register; the proposals are not final rules.

- Financial institutions and companies supporting stablecoin issuance can assess how the proposed standards may affect reserve management, custody, risk controls, and approval processes.
- Technology and professional-services firms serving supervised banks may find demand for systems or support related to these proposed controls, though the requirements could change after public comment.
- Organizations seeking to influence the framework should submit comments within the 60-day period measured from Federal Register publication.

**Jurisdictions:** federal
**Industries:** Information Technology
**Topics:** Regulatory Compliance, Policy
**Published:** October 17, 2026

### Government Entities
- Board of Governors of the Federal Reserve System (Federal Reserve Board)

### Sources
- [Federal Reserve Board - Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20260924a.htm) - Federal Reserve