๐Ÿ”ฅThe FDIC proposes a regulatory framework for stablecoins, explicitly stating they do not enjoy deposit insurance coverage


According to CoinDesk, the U.S. Federal Deposit Insurance Corporation (FDIC) has officially proposed a regulatory plan for stablecoin issuers. As one of the federal financial regulatory agencies responsible for developing and overseeing rules under the GENIUS Act passed last year, the FDIC is advancing the implementation of the related framework. The proposal aims to align with the February plan from the Office of the Comptroller of the Currency (OCC), includes 144 questions, and is open for a 60-day public comment period. According to the proposal, stablecoins will not enjoy deposit insurance coverage like traditional bank deposits.
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