Study Finds Most Stablecoins Fail GENIUS Act Requirements
By PYMNTS
AI summary of the source article
A Bank Policy Institute study found that most U.S. dollar stablecoins will not meet the GENIUS Act's reserve asset requirements. The research analyzed the reserve holdings of the 10 largest dollar stablecoins, which represented 97% of the market as of June.
Key facts
- Most U.S. dollar stablecoins will not follow reserve asset requirements set by the GENIUS Act.
- A Bank Policy Institute study published Friday (Nov. 6) analyzed the reserve holdings of the 10 largest circulating dollar stablecoins.
- The 10 largest circulating dollar stablecoins accounted for 97% of all stablecoins as of June of this year.
Source excerpt · PYMNTS
New research shows most U.S. dollar stablecoins will not follow the GENIUS Act’s reserve asset requirements. A study from the Bank Policy Institute (BPI) published Friday (Nov. 6) examined data on the reserve asset holdings of the 10 largest circulating dollar stablecoins, which accounted for 97% of all stablecoins as of June of this year. […] The post Study Finds Most Stablecoins Fail GENIUS Act…