The FDIC plans to establish an application process for regulated institutions seeking to issue payment stablecoins
2025-12-16 17:11:42
The Federal Deposit Insurance Corporation (FDIC) has announced that it has approved a proposed rule to establish an application process for institutions seeking to issue payment stablecoins that are regulated by the FDIC. It has now opened a 60-day public comment period. It is reported that this is the first formal rulemaking proposal since the passage of the "Stablecoin Innovation in America Act" of the GENIUS Act.
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