FDIC Moves to Treat Stablecoins Like Banks Under New Rule

The Federal Deposit Insurance Corporation (FDIC) has moved to tighten oversight of stablecoins, signaling a clear shift in how these digital assets will operate in the United States. On April 7, the FDIC approved a proposal to implement key provisions of the GENIUS Act. The rule would set standards for stablecoin issuers under its supervision,
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