The Federal Deposit Insurance Corporation (FDIC) plans to introduce regulatory rules for stablecoins, clarifying requirements for reserves and redemptions.

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ME News message on April 8 (UTC+8). The Federal Deposit Insurance Corporation (FDIC) has issued a notice of proposed rulemaking to regulate stablecoin issuers within its supervisory scope according to the GENIUS Act, covering requirements related to reserves, redemptions, capital, risk management, and custody. The FDIC said the relevant reserve deposits would be subject to insurance coverage, but that protection does not directly cover stablecoin holders. Meanwhile, the regulator has solicited public input on the rule details, with a 60-day comment period. The proposal is a further step toward implementing the GENIUS Act, and the related regulatory framework is expected to be gradually refined. (Source: ChainCatcher)

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