FDIC Moves to Formalize How Banks Can Issue Stablecoins Under GENIUS Act

U.S. regulators are tightening the rules around who gets to issue stablecoins, and how. On December 16, the Federal Deposit Insurance Corporation approved a proposed rule that explains how banks must apply to issue payment stablecoins under the GENIUS Act, a law passed earlier this year to bring stablecoins under federal oversight. Rather than opening […] Read The Full Article FDIC Moves to Formalize How Banks Can Issue Stablecoins Under GENIUS Act On Coin Edition.