# The Federal Reserve's two-day stablecoin redemption clock reaches issuers, not exchange customers

A venue snapshot puts about $76 billion of stablecoins on trading platforms where the exit depends on the exchange, while El Salvador and Japan push stablecoin payments to retail users.

- Published: 2026-09-30T06:00:33.939Z
- Canonical: https://polylog.news/crypto/2026-09-30/the-federal-reserve-s-two-day-stablecoin-redemption-clock-re
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CryptoSlate (Fed rules)](https://cryptoslate.com/fed-guarantees-2-day-stablecoin-payouts-but-76b-remains-blocked/), [CryptoSlate (El Salvador)](https://cryptoslate.com/el-salvador-targets-9-billion-in-transfers-but-chooses-stablecoins/), [Polylog editors](https://polylog.news), [Cointelegraph](https://cointelegraph.com/news/fed-proposes-new-capital-redemption-rules-for-stablecoin-issuers)

The Federal Reserve's draft rules under the Guiding and Establishing National Innovation for United States Stablecoins Act (GENIUS Act) would require payment-stablecoin issuers it supervises to process redemptions within two business days,…

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