FDIC Proposes First Stablecoin Regulation

New Regulatory Proposal for Stablecoin from FDIC

U.S. Federal Deposit Insurance Corporation (FDIC) has published a rule proposal regarding the implementation process of stablecoins for the first time, as it is responsible for the regulation of thousands of banks in the country. This proposal will affect organizations with a charter that want to establish subsidiaries for the issuance of token backed by the U.S. dollar.