SEC. 4 › (a) › (1)

(1) .— In general

Bill Text

§4(a)(1)

(1) .— In general

A permitted payment stablecoin issuer shall—

§4(a)(1)(A)

(A)

maintain identifiable reserves backing the outstanding payment stablecoins of the permitted payment stablecoin issuer on an at least 1 to 1 basis, with reserves comprising—

§4(a)(1)(B)

(B)

publicly disclose the issuer’s redemption policy, which shall—

§4(a)(1)(C)

(C)

publish the monthly composition of the issuer’s reserves on the website of the issuer, containing—

Parent Section

SEC. 4

(a) .— Standards for the Issuance of Payment St...

Related Sections

Other sections under SEC. 4 › (a)

SEC. 4 › (a) › (2)(2) .— Prohibition on rehypothecation SEC. 4 › (a) › (3)(3) .— Monthly certification; examination of re...SEC. 4 › (a) › (4)(4) .— Capital, liquidity, and risk management ...SEC. 4 › (a) › (5)(5) .— Treatment under the bank secrecy act and...SEC. 4 › (a) › (6)(6) .— Coordination with permitted payment stab...SEC. 4 › (a) › (7)(7) .— Limitation on payment stablecoin activities