FDIC Moves to Treat Stablecoins Like Banks Under New Rule
The Federal Deposit Insurance Corporation (FDIC) has moved to tighten oversight of stablecoins, signaling a transparent shift in how these digital belongings will function within the United States. On April 7, the FDIC approved a proposal to implement key provisions of the GENIUS Act. The rule would set requirements for stablecoin issuers beneath its supervision,…
