PYMNTS· PYMNTS·· 2 days agoSelectedAI score73
BPI study finds only two major USD stablecoins meet GENIUS Act reserve requirements
Study Finds Most Stablecoins Fail GENIUS Act Requirements
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A Bank Policy Institute (BPI) study finds that, among 10 major USD stablecoins covering 97% of the market as of June this year, only two, representing 26% of tokens in circulation, meet the GENIUS Act’s reserve asset requirements.
Why it matters
The study compares the GENIUS Act’s reserve asset requirements against 10 major USD stablecoins one by one, showing the scope of compliance and the differences in risks between offshore and crypto asset-backed products.
Source:PYMNTS · pymnts.com