Fed proposed stablecoin rule could trigger a 48-hour liquidation run

The Federal Reserve's proposed rules for the payment stablecoin issuers it supervises include a crisis clock measured in hours. An issuer whose reserves fall below the value of its outstanding tokens would have 24 hours to notify the Fed and submit a plan to restore full backing. Unless it closes the gap or the Fed […] The post Fed proposed stablecoin rule could trigger a 48-hour liquidation