Stablecoin issuers get closer to U.S. federal rules with FDIC's new proposal
CoinDesk·2h ago·Neutral
What Happened
The U.S. Federal Deposit Insurance Corp. formally proposed regulatory approach for stablecoin issuers under the GENIUS Act. The proposal includes capital, liquidity, and custody standards for depository institutions issuing stablecoins. Stablecoins won't receive deposit insurance. Issuers cannot claim tokens pay interest simply for holding them. A 60-day public comment period begins Tuesday on 144 questions. Final rules expected after months of review.
Key Entities
FDICGENIUS Actstablecoin issuersOffice of the Comptroller of the CurrencyU.S. depository institutionsTreasury Department