AGENCY:
Board of Governors of the Federal Reserve System.
ACTION:
Notice of proposed rulemaking.
SUMMARY:
This NPRM would establish a tailored application process for FRB supervised banks applying to issue payment stablecoins. These applicants would be required to submit a business plan and financial information, among other documents. The proposal would also create a process governing appeals, hearings, and final determinations for applications.
DATES:
Comments must be received by November 30, 2026.
- November 30, 2026
- Time: All Day