🏦 FDIC Unveils Stablecoin Rules for Banks Under GENIUS Act

The U.S. Federal Deposit Insurance Corporation (FDIC) has proposed the first stablecoin regulatory framework under the new GENIUS Act, creating a clear path for banks to issue payment stablecoins through subsidiaries with federal oversight.

FDIC published a draft rule outlining how banks can apply to issue stablecoins under the GENIUS Act.

Issuance must occur via dedicated bank subsidiaries with defined standards for reserves, safety, and compliance.

A 60-day public comment period has opened before finalization of the rules.

The proposal includes capital, liquidity, and risk-management standards for stablecoin operations.

Setting formal federal stablecoin regulations through the GENIUS Act could bring regulated digital dollars into mainstream banking, offering new payment rails while reducing systemic risk and uncertainty.

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