The Federal Deposit Insurance Corporation (FDIC) is preparing to release its initial draft of proposed stablecoin regulations under the GENIUS Act by the end of December. This draft will detail application requirements for stablecoin issuers, with comprehensive prudential standards, including capital and liquidity requirements, anticipated early next year. This initiative represents a pivotal move towards federal regulation of dollar-pegged digital currencies, aiming to bolster consumer protection, market legitimacy, and financial stability. Existing stablecoin issuers will need to align with these new compliance standards, while navigating the complexities of federal and state regulatory interactions.