# The Federal Deposit Insurance Corporation has published proposed rules to implement the GENIUS Act for FDIC-supervised payment stablecoin issuers.

*fintech · news · 2026-04-09 · The Banker*

## Key points

- The FDIC has proposed rules for payment stablecoin issuers under the GENIUS Act.
- Stablecoin issuers must hold one-to-one reserves and meet bank-like capital and liquidity standards.
- FDIC clarified that reserve deposit insurance applies only at the issuer level, not to token holders.
- New rules indicate stablecoins will face supervision similar to traditional banks, changing prior expectations.

Washington’s financial rulemakers are in an unusually busy mood. The Federal Deposit Insurance Corporation has published proposed rules to implement the GENIUS Act for FDIC-supervised payment stablecoin issuers, and the message is plain enough: if stablecoins want legitimacy, they will have to accept something much closer to bank-style discipline. One-to-one reserves, liquidity and capital standards, rapid redemption requirements, audit obligations and tight limits on permissible activities all point in the same direction. So does the clarification that reserve deposits are insured at the issuer level, not passed through to token holders. For an industry built on the promise of frictionless money, the regulatory future is looking more supervised than may have been assumed.

**Countries:** United States

[Read the full story on The Banker](https://www.thebanker.com/content/b79743bf-48ec-4a31-a2c4-e7d07957e956)

---

Canonical: https://newsio.io/n/2fa8337c-1b28-425d-98e1-c26ccf60fb2e/the-federal-deposit-insurance-corporation-has-published-proposed-rules-to-implem
Summarized by Newsio from The Banker. https://newsio.io/how-it-works