The US FDIC proposes a rule to establish a regulatory framework for stablecoin issuers, including requirements involving reserve assets, after the GENIUS Act
Quick Take — The FDIC voted to propose a rule that would set forth standards for stablecoin issuers, including requirements involving reserve assets.
The Block Sarah Wynn
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Discussion
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@fdicgov
@fdicgov
on x
Today, our Board of Directors approved a proposed rule that would establish requirements under the GENIUS Act for FDIC-supervised stablecoin issuers. https://www.fdic.gov/... [image]
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@chadsteingraber
Chad Steingraber
on x
The RLUSD will be treated no differently than any other type of deposit. Genius Act🇺🇸✅ [image]