FDIC Outlines Stablecoin Regulation for Banks
Update: 2025-12-16
Description
The Federal Deposit Insurance Corporation (FDIC) has unveiled a new plan for banks interested in issuing payment stablecoins, marking a significant shift in US regulation. The proposal, outlined in a 38-page document, details the requirements for approval, including financial health, management, and redemption plans. The FDIC will serve as the primary regulator for approved banks, overseeing their stablecoin activities. This move aligns with the US GENIUS Act, which requires stablecoin issuers to hold one-to-one reserves in US dollars or other high-quality assets. The proposal is currently open for public comment, with the aim of strengthening the US dollars global presence through stablecoins, currently valued at over $300 billion worldwide.
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