Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act | Bitcoinist.com
The Federal Deposit Insurance Corporation (FDIC) has announced a new framework that outlines how banks can apply to issue payment stablecoins through subsidiaries as part of the implementation of t...
Source: Bitcoinist.com
The Federal Deposit Insurance Corporation (FDIC) has announced a new framework that outlines how banks can apply to issue payment stablecoins through subsidiaries as part of the implementation of the country’s stablecoin bill, the GENIUS Act. FDIC’s First Move On GENIUS Act In a statement, Acting Chair Travis Hill emphasized that the proposed process is […]