Bitcoin Magazine
FDIC Advances Stablecoin Oversight Framework Under GENIUS Act With New Prudential Rule Proposal
The Federal Deposit Insurance Corporation (FDIC) has advanced a new regulatory framework that begins to define how U.S. banks and their subsidiaries may issue and manage stablecoins under the GENIUS Act, marking a significant step in the federal oversight of dollar-pegged digital assets.
In a proposed rule approved on April 7, the FDIC outlined requirements for “permitted payment stablecoin issuers” (PPSIs), which are expected to operate as subsidiaries of FDIC-supervised institutions. The framework sets standards for reserves, redemption practices, capital, liquidity, cybersecurity, and risk management, and is now open to a 60-day public comment period.
The proposal implements provisions of the GENIUS Act, formally known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act, which directs federal banking regulators to create a unifi
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