Payment Stablecoins and Cross Border Payments: Benefits and Implications for Monetary Policy Implementation

Kyungmin Kim, Romina Ruprecht and Mary-Frances Styczynski
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Kyungmin Kim: https://www.federalreserve.gov/econres/kyungmin-kim.htm

No 2026-03-30-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: In July 2025, the U.S. Congress passed the Genius Act, which established the regulatory framework for payment stablecoins. The law defines what an authorized payment stablecoin issuer is and how it will be regulated.

Date: 2026-03-30
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:102996

DOI: 10.17016/2380-7172.4007

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