Stablecoins: a regulatory proposal is not a final rule.

The fact

Two proposals were submitted for public comment. The announcement did not make them final requirements already in force.

Why it matters

The design of reserve and authorisation requirements may affect the business models of supervised issuers.

Scenarios

The proposals may change during the regulatory process.

What to check next

Comments, possible amendments and the publication of final decisions.

Context

The proposal distinguishes the backing and requirements applicable to issuers from the procedures for seeking authorisation.

Our interpretation

Assessing a company requires identifying its activity, the relevant supervisor and the rules that ultimately apply.

Follow-up

Follow-up must retain the regulatory status of each document and avoid presenting a consultation as a definitive obligation.

Sources and date

Federal Reserve · September 24, 2026

Primary source · Address to copy:

https://www.federalreserve.gov/newsevents/pressreleases/bcreg20260924a.htm

Original ADVANS editorial interpretation. The source and event retain their original date.