; and (2) take appropriate steps to protect the payment stablecoins and cash of a customer from any claims of creditors of the person. (b) Further requirements relating to segregation (1) In general A person described in subsection (a) may, for convenience, commingle and deposit the payment stablecoins and cash of a customer in an account holding the payment stablecoins and cash of more than 1 customer, but which is separate from the proprietary assets of the issuer. (2) Transactions Such share of the payment stablecoins and cash of a customer in an account described in paragraph (1) that shall be necessary to transfer, adjust, or settle a transaction or transfer of assets may be withdrawn and applied to such purposes, including the payment of commissions, taxes, storage fees, and other charges lawfully accruing in connection with the provision of custodial services. (3) Rule or order relating to commingling The Board, in consultation with the Comptroller and State bank supervisors, may prescribe, by rule or order, that customer payment stablecoins or cash may be commingled and deposited in customer accounts with any other assets received by a person described in subsection (a) and required by the Board to be separately accounted for, treated as, and dealt with as belonging to customers. (c) Prohibition on rehypothecation Payment stablecoin reserves required under sections 6(f) and 7(e) shall not be pledged, rehypothecated, or reused, except for the purpose of creating liquidity to meet reasonable expectations of requests to redeem payment stablecoins, such that reserves in the form of Treasury bills, bonds, or notes may be pledged as collateral for repurchase agreements with a maturity of not more than 7 days, if— (1) the repurchase agreements are cleared by a central clearing counterparty that is approved by the Board