The U.S. Federal Deposit Insurance Corporation (FDIC) has proposed a new regulatory framework for stablecoin issuers, as mandated by the recently enacted GENIUS Act. This initiative aligns with a similar plan from the Office of the Comptroller of the Currency (OCC) introduced in February. The FDIC's proposal includes 144 questions and initiates a 60-day public comment period. Notably, the framework specifies that stablecoins will not be insured like traditional bank deposits.
FDIC Proposes New Regulatory Framework for Stablecoin Issuers
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