Golden Finance reported that Fed official Mousalem stated that it is essential to adhere to the restrictions on interest payments for stablecoins when implementing the GENIUS Act. It is important that stablecoins continue to serve as a payment tool rather than a savings tool.
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Fed Musalem: When implementing the GENIUS Act, the restrictions on stablecoin interest payments must be adhered to.
Golden Finance reported that Fed official Mousalem stated that it is essential to adhere to the restrictions on interest payments for stablecoins when implementing the GENIUS Act. It is important that stablecoins continue to serve as a payment tool rather than a savings tool.