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- 2026-05-19 发布于广东
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EffectsofStablecoinYield
ProhibitiononBankLending
TheCouncilofEconomicAdvisers
April2026
ExecutiveSummary
TheGENIUSAct,signedintolawinJuly2025,requiresstablecoinissuerstomaintainreservesbacking
outstandingstablecoinsonatleastaone-to-onebasis.Reservesmayonlyconsistofcertainspecifiedassets,
includingUSdollars,federalreservenotes,fundsheldatcertaininsuredorregulateddepositoryinstitutions,
certainshort-termTreasuriesandTreasury-backedreverserepurchaseagreements,andmoneymarketfunds.It
alsoprohibitsstablecoinissuersfro
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