# FDIC的職責是監管美國存款機構，根據GENIUS法案，其角色是規範此類機構旗下子公司發行的穩定幣。

*fintech · news · 2026-04-07 · CoinDesk*

## Key points

- FDIC的穩定幣提案包含144個具體問題，開放60天公眾評論。
- 根據FDIC提案，由存款機構子公司發行的穩定幣將不受存款保險保障。
- 禁止發行商將穩定幣宣傳為支付利息或收益，即使透過第三方安排亦然。
- FDIC提議除資本要求外，對穩定幣發行商另設獨立的營運後盾要求。
- 目前的監管規則完全由共和黨任命者制定，因為川普未填補任何民主黨空缺。

The U.S. Federal Deposit Insurance Corp. formally proposed its approach to stablecoin issuers as one of the federal financial regulators required to write and oversee rules under last year's Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The FDIC's proposal —meant to align closely with what its sister banking agency, the Office of the Comptroller of the Currency, proposed in February — will be open for a 60-day public comment period on the lengthy list of 144 questions posed Tuesday by the agency. The FDIC's job is to police U.S. depository institutions, and under the GENIUS Act, its role is to regulate such institutions issuing stablecoins from their subsidiaries. To that end, it posed capital, liquidity and custody standards for those firms, though the details won't be set in stone until the rule is finalized — not likely to occur until the agency spends further months reviewing input and writing the final language. This is the second GENIUS Act proposal from the banking agency after its December pitch on the issuer application process. As expected under the law, stablecoins won't enjoy the deposit insurance that the banks maintain on traditional banking accounts, according to the proposal. The OCC's earlier proposal had a section that caused some initial concern among crypto policy experts wondering how the agency would allow for rewards programs managed by third-party stablecoin relationships, such as exchanges. In the same vein, the FDIC said that issuers wouldn't be able to represent that their tokens pay interest or yield "simply for holding or using a payment stablecoin," according to the staff presentation, including via arrangements with third parties. But crypto insiders have grown comfortable that properly tailored rewards programs shouldn't run afoul of the rules. The FDIC's Tuesday proposal also suggested the capital that issuers will need to maintain to manage the risk of the business, plus "an operational backstop, separate from the capital requirement," based on the previous year's operating expenses. The agency also addressed "the applicability of pass-through insurance to deposits held as reserves backing payment stablecoins," proposing that "tokenized deposits that satisfy the statutory definition of 'deposit' would be treated no differently" than other deposits. While the regulators work to implement GENIUS, some of its details are potentially already being overhauled by the work on the Senate's Digital Asset Market Clarity Act. A clash between the banking and crypto industries over yield-bearing stablecoin holdings turned into a months-long debate that lawmakers have said they're close to resolving, though the bill hasn't yet advanced to a needed hearing. Congress comes back from a break later this week. The OCC, FDIC and other agencies involved in implementing the rule, including the Treasury Department and the markets regulators, have few impediments in crafting regulations the way the Republican appointees want it. President Donald Trump's White House has broken with past practice and declined to name any Democrat appointees to the many vacancies across the agencies, so there are no Democrats to raise objections to regulatory language. But the GENIUS Act itself had drawn significant bipartisan support in both chambers of Congress when it was passed into law.

**Countries:** United States

[Read the full story on CoinDesk](https://www.coindesk.com/policy/2026/04/07/stablecoin-issuers-get-closer-to-u-s-federal-rules-with-fdic-s-new-proposal)

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