The Federal Reserve's proposed rules for the payment stablecoin issuers it supervises include a crisis clock measured in hours. An issuer whose reserves fall below the value of its outstanding tokens would have 24 hours to notify the Fed and submit a plan to restore full backing. Unless it clos...
Source: [CryptoSlate](https://cryptoslate.com/fed-proposed-stablecoin-rule-could-trigger-a-48-hour-liquidation-run/)