The FDIC has developed a proposed application process for banks to issue stablecoins through subsidiaries.
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According to ME News, on December 17 (UTC+8), the Federal Deposit Insurance Corporation (FDIC) approved a proposed rule to establish an application process for banks to issue stablecoins through subsidiaries. A 60-day public comment period has begun. This is the first formal rule proposal since the passage of the GENIUS Act, the "United States Stablecoin Innovation Act." (Source: ME)
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