Credit Unions May Face 26 New Stablecoin Reporting Fields
A proposal would add 26 federal reporting fields for federally insured credit unions, covering stablecoin custody, exposure to issuers and direct holdings.
Federally insured credit unions involved in stablecoins could face expanded disclosure requirements under a proposal to introduce 26 federal reporting fields.
The proposed fields would cover stablecoins held in custody, credit unions’ exposure to stablecoin issuers and assets held on their own books.
The proposal aims to give supervisors a more detailed view of stablecoin activity as community institutions explore digital dollar services. The reporting changes remain proposed rather than final requirements.
Source: Bitcoin.com News
