FDIC Unveils Plan to Regulate Stablecoins in Growing Digital Finance Market

The Federal Deposit Insurance Corporation (FDIC) is stepping into the dynamic world of digital finance by outlining plans to regulate stablecoins. Acting Chairman Travis Hill is poised to present these guidelines, aiming for seamless integration of stablecoins into existing financial systems while maintaining stability and investor confidence. Hill will detail the proposed regulations during his testimony before the House of Representatives, outlining a framework for incorporating stablecoins into insured institutions.