$USDP The FDIC has made its move — U.S. banks now have a formal pathway to issue stablecoins.
The FDIC board has approved a major proposal that allows banks to issue stablecoins through regulated subsidiaries, marking a key step toward institutional adoption.
This is the first concrete rule following the passage of the GENIUS Act. The framework is strict: issuance must go through a subsidiary, audits must be conducted by a certified public accountant, and disclosure requirements are mandatory. In essence, stablecoin issuance is being brought squarely under the traditional banking regulatory umbrella.
For compliant issuers like Circle and Paxos, this is a clear advantage. A 60-day public comment period is now open, meaning further negotiations between regulators and the industry are still ahead.
#FDIC #Stablecoins #CryptoRegulation #USBanks #FinTech
