Discussion Paper
Payment Stablecoins and Cross Border Payments: Benefits and Implications for Monetary Policy Implementation
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.
https://doi.org/10.17016/2380-7172.4007
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https://www.federalreserve.gov/econres/notes/feds-notes/payment-stablecoins-and-cross-border-payments-benefits-and-implications-for-monetary-policy-20260330.html
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2026-03-30
Number: 2026-03-30-1