FDIC moves to regulate stablecoin issuers under the GENIUS Act
The FDIC has proposed new regulations for stablecoin issuers under the GENIUS Act, outlining standards for reserves, redemption, and risk management. While backing for stablecoins will be insured, holders will not receive direct protection. The FDIC invites public feedback for the next 60 days.
Cointelegraph·04-08 01:31
