The FDIC's new proposed rule, approved on December 16, allows U.S. banks to issue dollar-backed stablecoins through dedicated subsidiaries, ensuring full backingThe FDIC's new proposed rule, approved on December 16, allows U.S. banks to issue dollar-backed stablecoins through dedicated subsidiaries, ensuring full backing

FDIC Proposal May Enable Banks to Issue USDC-Like Stablecoins Under GENIUS Act

2025/12/18 06:14

The FDIC's new proposed rule, approved on December 16, allows U.S. banks to issue dollar-backed stablecoins through dedicated subsidiaries, ensuring full backing by cash or U.S. Treasuries while maintaining safety and soundness under the GENIUS Act. Key regulatory shift: Banks must use subsidiaries to isolate stablecoin activities from core operations, preventing volatility spillover. Strict timelines [...]

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