Staggered Agency Filings Squeeze Stablecoin Issuers as Fed Misses Statutory Rulemaking Target

The Federal Reserve missed the July 18, 2026 statutory deadline for proposed payment stablecoin rules by more than two months, issuing its Notices of Proposed Rulemaking in late September. The delay compressed the rulemaking timeline, squeezing stablecoin issuers who now face tighter compliance schedules and reduced preparation time for the upcoming regulatory framework.