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The Federal Deposit Insurance Corporation (FDIC) plans to introduce regulatory rules for stablecoins, clarifying requirements for reserves and redemptions.
Mars Finance news: The U.S. Federal Deposit Insurance Corporation (FDIC) has proposed a new rulemaking draft. Under the GENIUS Act, it plans to regulate stablecoin issuers within its regulatory scope, covering requirements related to reserves, redemptions, capital, risk management, and custody. The FDIC said that the relevant reserve deposits would be covered by deposit insurance, but that protection does not directly extend to stablecoin holders. At the same time, the regulator has solicited public input on the rule details, with a 60-day comment period. This proposal is a further step toward implementing the GENIUS Act, and the related regulatory framework is expected to be gradually refined.