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

T2Covered by 1 source · first reported by The Defiant / DL News / Protos / CryptoSlate at 26 Sept, 17:55 UTC

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…