FDIC moves to regulate stablecoin issuers under the GENIUS Act

In recent developments, fDIC’s proposed rules providing insurance for corporate deposits of stablecoin issuers will not extend to the stablecoin holders, as it would conflict with the GENIUS Act’s text,…

FDIC Proposes GENIUS Act Rules for Bank Stablecoin Issuers: 1:1 Reserves and …

In recent developments, the Federal Deposit Insurance Corporation approved a notice of proposed rulemaking Tuesday, laying out reserve, redemption, capital, and risk management requirements for bank-affiliated stablecoin issuers operating under…

Does GENIUS turn stablecoin issuers into stealth buyers of US debt?

In recent developments, the GENIUS Act promises safer, fully reserved dollar stablecoins and faster payments, but by steering issuers toward T-bills and cash, it may also hardwire a new demand…