Λεπτομέρειες βιβλιογραφικής εγγραφής
| Τίτλος: |
The GENIUS Act and the stablecoin timing problem. |
| Συγγραφείς: |
Kupiec, Paul H.1 (AUTHOR) |
| Πηγή: |
Journal of Risk Management in Financial Institutions. Winter2025, Vol. 19 Issue 1, p4-9. 6p. |
| Θεματικοί όροι: |
*Cryptocurrencies, *Federal legislation, *Financial risk, *Investor confidence, *Legal compliance, *Investment risk, *Banking industry, Guiding & Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) |
| Γεωγραφικοί όροι: |
United States |
| Περίληψη: |
The article discusses the implications of the US Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) on the risks associated with stablecoin trading, particularly focusing on the challenges posed by continuous trading and the timing of cash settlements. It highlights that stablecoins, primarily US dollar-backed, face unique redemption risks due to the 24/7 nature of their trading, while traditional financial institutions operate on a limited schedule. The article also examines the systemic risks that emerged during the March 2023 banking crisis, where the failures of banks like Silvergate and Signature Bank led to panic selling of stablecoins, emphasizing the lack of a government safety net for stablecoin holders. Furthermore, it outlines the requirements for stablecoin issuers under the GENIUS Act, including maintaining dollar-for-dollar reserves and providing regular disclosures to bolster investor confidence. [Extracted from the article] |
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| Βάση Δεδομένων: |
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