Home
News
Details

FDIC Proposes Application Process for Banks to Issue Stablecoins via Subsidiaries

iconChainthink
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
According to Chainthink, on December 17, the U.S. Federal Deposit Insurance Corporation (FDIC) proposed a rule to allow banks to issue stablecoins through subsidiaries. The plan includes measures for Countering the Financing of Terrorism and aligns with ongoing stablecoin regulation efforts. The rule is now open for a 60-day public comment period. This is the first formal rulemaking under the 'U.S. Stablecoin Innovation Act.'
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.