With the “penetrative insurance” proposal falling through, stablecoin holders still have to bear the risk themselves. The core of this draft is to clearly delineate the boundaries of responsibility.

CryptoWorld News reports that the Federal Deposit Insurance Corporation (FDIC) in the United States has solicited comments on proposed rules for stablecoin issuers, with the deadline being June 9. The draft proposes to clarify that the payment stablecoin itself is not protected by FDIC insurance, but stablecoin reserves held at banks will be considered insured corporate deposits of the issuer, although stablecoin holders do not have access to full FDIC deposit insurance coverage. Comment letters indicate that yield incentives, deposit migration, reporting standards, and interoperability remain the main contentious issues in the payments industry.