Fed proposal sets $20M operating-risk charge for $1B stablecoin issuer

  • Fed proposal applies a baseline operating-risk charge to a covered stablecoin issuer.
  • $1 billion in stablecoins and no non-reserve revenue would correspond to a $20 million charge.
  • The charge is separate from coin-backing reserves and precedes loss adjustments and other charges.

A covered issuer holding $1 billion in stablecoins and generating no non-reserve revenue would face a $20 million baseline operating-risk charge under a Federal Reserve proposal. The charge would be separate from the reserves backing its coins and calculated before loss adjustments and other charges.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.