FDIC and OCC Both Want to Be Stablecoins’ New Boss

Washington has decided that stablecoins are too significant, economically and systemically, to remain outside the regulatory perimeter. With the GENIUS Act’s first anniversary arriving and being signed into law this July, U.S. The Federal Deposit Insurance Corporation’s ( FDIC ) proposed rule ties stablecoin issuance directly to reserve integrity, liquidity discipline and custodial oversight.