{"id":69481,"date":"2026-04-08T10:05:28","date_gmt":"2026-04-08T03:05:28","guid":{"rendered":"https:\/\/hbbgroup.net\/fdic-moves-to-regulate-stablecoin-issuers-under-the-genius-act\/"},"modified":"2026-04-08T10:05:28","modified_gmt":"2026-04-08T03:05:28","slug":"fdic-moves-to-regulate-stablecoin-issuers-under-the-genius-act","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/fdic-moves-to-regulate-stablecoin-issuers-under-the-genius-act\/","title":{"rendered":"FDIC moves to regulate stablecoin issuers under the GENIUS Act"},"content":{"rendered":"

FDIC\u2019s 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\u2019s text, the FDIC said.<\/p>\n

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The US Federal Deposit Insurance Corporation (FDIC) has proposed new rules to regulate FDIC-supervised stablecoin issuers in accordance with the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which was signed into law nine months ago.<\/p>\n

In a statement on Tuesday, the FDIC said<\/a> its board of directors voted to issue a proposal that would set<\/a> reserve, redemption, capital, risk management and custody standards for stablecoin issuers and insured depository institutions under its supervision.<\/p>\n

Source: <\/em>FDIC<\/em><\/a>
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The FDIC insures deposits at more than 4,000 financial institutions and supervises over 2,700 banks and savings associations to maintain stability in the US financial system.<\/p>\n

The GENIUS Act granted the FDIC authority to oversee stablecoin activity<\/a> within the banks and institutions that it supervises when it was signed into law in July, though it is scheduled to take effect on Jan. 18, 2027, if not earlier.\u00a0<\/p>\n

FDIC insurance won\u2019t directly protect token holders<\/h2>\n

While reserve deposits backing a payment stablecoin would be insured under the FDIC\u2019s proposed rules, that protection won\u2019t extend<\/a> to stablecoin holders, the FDIC said.<\/p>\n

The FDIC argued that treating stablecoin holders<\/a> as the insured depositors \u201cseems inconsistent\u201d with the GENIUS Act\u2019s prohibition on payment stablecoins<\/a> being subject to Federal deposit insurance.<\/p>\n

Related: <\/strong><\/em>Stablecoins flip automated clearing house volume in February<\/strong><\/em><\/a><\/p>\n

However, the FDIC said its rules would still provide a more \u201csecure environment\u201d for stablecoin holders by offering them \u201cincreased assurance that their payment stablecoins are subject to elevated regulatory and supervisory standards.\u201d<\/p>\n

FDIC welcomes feedback<\/h2>\n

The FDIC invited the public to offer feedback on 144 questions related to how it should regulate stablecoin issuers. Comments will be accepted for the next 60 days.<\/p>\n

It marks the FDIC\u2019s second proposal for implementing the GENIUS Act, following a Dec. 19 plan to establish<\/a> an application procedure for IDIs seeking approval to issue payment stablecoins through subsidiaries.<\/p>\n

The Office of the Comptroller<\/a> is also working to implement the GENIUS Act. The OCC would cover a broader scope of stablecoin activity than the FDIC, as it oversees national bank subsidiaries and certain nonbank issuers.<\/p>\n

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