FDIC Proposes Application Process for Banks to Issue Stablecoins through Subsidiaries
BlockBeats News, December 17th, the Federal Deposit Insurance Corporation (FDIC) today approved a proposed rule to establish an application process for banks to issue stablecoins through subsidiaries. The rule has initiated a 60-day public comment period, marking the first formal rulemaking proposal following the passage of the GENIUS Act, also known as 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
「Buddy」 deposited approximately 1.2 million U into Hyperliquid again 7 hours ago to continue longing ETH
Bank of Canada establishes "high-quality money" standards for stablecoins
UK to review cryptocurrency donations to investigate political party funding issues
The Bank of Canada will only approve high-quality stablecoins pegged to central bank digital currency
