FDIC Sets to Regulate Bank-Linked Stablecoin Issuers This Month

The U.S. Federal Deposit Insurance Corporation (FDIC) is taking a major step toward regulating stablecoins. Acting Chair Travis Hill announced the agency plans to release its proposed framework for the GENIUS Act this month, paving the way for the first-ever federal regulatory structure for these assets. This move will determine how issuers of stablecoins are licensed and overseen across the country.