Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act
The Federal Deposit Insurance Corporation (FDIC) has introduced a brand new framework that outlines how banks can apply to problem cost stablecoins by way of subsidiaries as a part of the implementation of the nation’s stablecoin invoice, the GENIUS Act. FDIC’s First Move On GENIUS Act In a statement, Acting Chair Travis Hill emphasised that…
