https://blockonomi.com/fdic-approves-genius-act-stablecoin-rule-to-govern-reserve-capital-and-deposit-standards/
TLDR: The FDIC Board approved a proposed rule establishing a prudential framework for payment stablecoin issuers under the GENIUS Act. FDIC-supervised IDIs offering stablecoin custodial and safekeeping services will face defined requirements under the new rule. The rule clarifies that tokenized deposits meeting the deposit definition will be treated equally under the Federal Deposit Insurance […]
The post FDIC Approves GENIUS Act Stablecoin Rule to Govern Reserve…
FDIC Approves GENIUS Act Stablecoin Rule to Govern Reserve, Capital, and Deposit Standards
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