fintech / news / / The Banker
The Federal Deposit Insurance Corporation has published proposed rules to implement the GENIUS Act for FDIC-supervised payment stablecoin issuers.
The FDIC has proposed rules for payment stablecoin issuers under the GENIUS Act.
KEY POINTS
- 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.
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