The Federal Deposit Insurance Corporation (FDIC) has proposed new rules to regulate stablecoin issuers, aligning with the GENIUS Act signed by President Donald Trump. The proposal introduces standards such as requiring stablecoins to be fully backed by U.S. dollars or highly liquid assets, along with reserve and risk management requirements.

The rule would apply to approved issuers, including those linked to insured banks or authorized by regulators. It also clarifies that stablecoins are not covered by federal deposit insurance and are not backed by the U.S. government.

This move follows similar actions by other regulators as the U.S. builds a comprehensive framework for stablecoins. Public comments on the proposal are open for 60 days.