The US FDIC plans to establish an application process for regulated institutions seeking to issue payment stablecoins.
U.S. Federal Deposit Insurance Corporation (FDIC) announced the approval of a proposed rule to establish an application process for institutions seeking to issue payment stablecoins and regulated by the FDIC. A 60-day public comment period has now been opened. It is reported that this is the first formal rulemaking proposal following the passage of the "GENIUS Act" - the "American Stablecoin Innovation Act."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Yesterday, the net inflow of spot BTC ETFs reached a nearly two-week high.
A whale has transferred another 7,654 ETH to an exchange, bringing its total deposits to 17,823 ETH.
Trending news
MoreCrypto prices
More
