U.S. banks could soon begin applying to issue payment stablecoins after the Federal Deposit Insurance Corporation (FDIC) unveiled a proposed approval framework. The move marks one of the first concrete regulatory steps to implement the GENIUS Act, a stablecoin law signed earlier this year. FDIC Sets Stablecoin Approval Path for Banks The FDIC board released
The post U.S. Banks May Soon Issue Stablecoins as FDIC Proposes GENIUS Act Framework appeared first on CoinGape.
Matthew Ruthven is a crypto journalist and blockchain strategist with a passion for exploring the intersection of technology, finance, and decentralized governance. With a background in software development and digital economics, he brings a technical yet accessible approach to analyzing the latest trends in cryptocurrency and Web3 innovation.