Payment stablecoin holders won’t be eligible for federal deposit insurance even if their assets are held at insured banks, the federal regulator charged with overseeing the bank backstop said.
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FDIC rejects deposit insurance request tied to stablecoin holdings
FDIC says stablecoin holders will not qualify for federal deposit insurance under new US rules, leaving digital dollar users without the protections given to traditional bank deposits.
Stablecoin users won't benefit from any government guarantee of their money when the new U.S. law is implemented to govern these tokens, said Federal Deposit Insurance Corp. (FDIC) Chairman Travis ...
FDIC chief says stablecoins will not qualify for deposit insurance under the GENIUS Act, including pass-through coverage.
Both protect your deposits, but at different types of institutions Michelle Lambright Black is an expert on credit reporting, credit scoring, identity theft, budgeting, debt eradication, and the ...
The recently passed GENIUS Act of 2025 creates a new legal framework for licensing and regulating payment stablecoin issuers. The Act is explicit in stating that an insolvent payment stablecoin issuer ...
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