FDIC Proposes GENIUS Act Rules for Bank Stablecoin Issuers: 1:1 Reserves and 2-Day Redemptions Required
By Jamie Redman
The Federal Deposit Insurance Corporation (FDIC) approved a notice of proposed rulemaking on April 7, 2026, outlining reserve, redemption, capital, and risk management requirements for bank-affiliated stablecoin issuers under the GENIUS Act. Key mandates include maintaining 1:1 reserves and processing redemptions within two days for permitted payment stablecoin issuers. This aims to implement GENIUS Act standards for safer stablecoin operations.
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