JOURNAL ARTICLE

FDIC Launches Plan on Bank Applications to Issue Stablecoins.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Johnson, Katanga 3 of 3

Abstract

The article discusses the Federal Deposit Insurance Corporation's (FDIC) proposal for a framework that allows banks to apply for permission to issue payment stablecoins through subsidiaries. This initiative follows the signing of the Genius Act by President Donald Trump, which mandates stablecoin issuers to register and maintain dollar-for-dollar reserves. The proposed framework includes requirements for banks to meet reserve standards, disclose reserve compositions, and ensure management integrity. Additionally, the FDIC board has adjusted the fees banks will pay to cover losses related to the 2023 systemic-risk exception, which significantly impacted the Deposit Insurance Fund. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/12, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:190303494
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