Study Finds Most Stablecoins Fail GENIUS Act Requirements

T2Covered by 1 source · first reported by PYMNTS at 06 Nov, 21:46 UTC

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%…