Stablecoins like USDC operate without FDIC insurance coverage, creating potential vulnerabilities. The GENIUS Act addresses some gaps in digital asset regulation, but gaps remain—especially for community banks and smaller enterprises navigating this landscape. Without tighter, more explicit regulatory guardrails, digital assets could expose traditional financial players and everyday users to unexpected risks. The industry needs clearer, more comprehensive rules to ensure consumer protection and financial stability.

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LiquidityWhisperervip
· 10h ago
Oh no, the fact that stablecoins are uninsured should have been taken seriously long ago, but players are still gambling on it.
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LiquidityWitchvip
· 10h ago
Stablecoins are unprotected? It should have been regulated long ago, otherwise small retail investors will lose everything.
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PositionPhobiavip
· 11h ago
Honestly, everyone has known for a long time that stablecoins are not insured. The real scare is if they suddenly collapse one day.
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SmartContractPlumbervip
· 11h ago
USDC is not covered by FDIC insurance, in other words, it's like a naked contract—something that dares to go live without formal verification. GENIUS Act? Uh, the loopholes it patches are limited, brother. The community banks haven't even sorted out permission controls, let alone reentrancy risks. To truly prevent systemic risks like integer overflow, we need to establish auditing standards, not just talk about it.
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LayerHoppervip
· 11h ago
The lack of insurance for stablecoins has always been troubling, and USDC doesn't really offer any genuine protection.
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