Study Finds Most Stablecoins Fail GENIUS Act Requirements
Most U.S. dollar stablecoins don't meet GENIUS Act's reserve rules.
In brief
Most U.S. dollar stablecoins don't meet GENIUS Act's reserve rules. A Bank Policy Institute study shows 97% of dollar stablecoins fail GENIUS Act reserve requirements, with only 26% of tokens meeting the rules. Originally reported by Pymnts.
GENIUS Act Reserve Rules
A Bank Policy Institute study shows most dollar stablecoins fail GENIUS Act reserve requirements.
Only 26% Meet Rules
Only two of the 10 largest dollar stablecoins, representing 26 percent of tokens outstanding, meet GENIUS Act reserve requirements.
Riskier Stablecoins
Most dollar stablecoins remain outside GENIUS Act framework with riskier reserve portfolios.
Circle and Paxos Comply
Circle's USDC and Paxos PYUSD meet reserve requirements while World Liberty's USD1 and Ripple USD do not.
What to remember
A Bank Policy Institute study shows 97% of dollar stablecoins fail GENIUS Act reserve requirements, with only 26% of tokens meeting the rules.
