Under the latest version of the bill, reserves are required to be U.S. currency, demand deposits, Treasuries, or other "approved assets."

Quote

Name

Under the latest version of the bill, reserves are required to be U.S. currency, demand deposits, Treasuries, or other "approved assets."

Types

Sources

Latest Draft of U.S. Stablecoin Bill Aims to Split Power Between State and Federal Authorities

Referenced by

The GENIUS Act in it’s March 3, 2025 revision, would require stablecoin reserves to consist of U.S. currency, demand deposits, Treasuries, or other approved assets under the latest version of the bill

Crypto news