In accordance with CoinEdition, FDIC Acting Chair Travis Hill announced that the agency plans to issue its first regulatory proposal under the GENIUS Act by the end of December. This proposal will outline the process for companies to apply for status as a Permitted Payment Stablecoin Issuer (PPSI). A second set of rules, expected in early 2026, will define financial safety requirements, including capital reserves and risk controls. The GENIUS Act, signed into law in July 2025, establishes the first federal regulatory framework for payment stablecoins in the U.S., requiring 1:1 reserve backing with safe, liquid assets and public disclosure of reserves. The new framework aims to bring stablecoin issuers under official government supervision, reducing financial risks and increasing trust in the sector.
FDIC Announces December Deadline for Stablecoin Licensing Rules
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