CoinMeta data: On September 24, the Federal Reserve released two proposals regarding stablecoins, covering the asset backing for payment stablecoins and the approval process for banks to issue stablecoins through subsidiaries. The proposals require issuers of payment stablecoins to hold assets that fully support their issuance and specify the types of qualified reserve assets. The Federal Reserve has also established capital requirements and risk management standards to ensure the security of stablecoins. The public can comment on these proposals over the next 60 days.