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The Federal Deposit Insurance Corporation (FDIC) in the United States plans to introduce regulatory rules for stablecoins, clarifying requirements for reserves and redemptions.
ME News Report, April 8 (UTC+8), the Federal Deposit Insurance Corporation (FDIC) in the United States has proposed a new draft regulation to regulate stablecoin issuers within its supervisory scope in accordance with the GENIUS Act, covering requirements related to reserves, redemptions, capital, risk management, and custody. The FDIC stated that related reserve deposits will be protected by insurance, but this protection does not directly cover stablecoin holders. Meanwhile, regulators have solicited public opinions on the details of the rules, with a comment period of 60 days. This proposal is a further step in implementing the GENIUS Act, and the relevant regulatory framework is expected to be gradually improved. (Source: ChainCatcher)