GENIUS Act section 4(a)(1): permitted issuers hold identifiable reserves at least one for one in U.S. currency and Federal Reserve balances, insured deposits, Treasury bills of 93 days or less, overnight repos and reverse repos on Treasuries, government money market funds or approved similar assets (tokenised forms allowed); publicly disclose a redemption policy with clear procedures for timely redemption and all fees (changes on seven days' notice); and publish monthly on their website the outstanding stablecoins and reserve composition with average tenor and custody location.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.