FDIC issues stablecoin guidelines covering reserve assets and capital requirements

Deep Tide TechFlow message, April 08, according to Bloomberg, the Federal Deposit Insurance Corporation (FDIC) has officially issued guidance for financial institutions and their fintech subsidiaries on the use of stablecoins. On Tuesday, FDIC Chair Travis Hill said at a board meeting in Washington that the new guidance will establish corresponding rules regarding reserve assets, stablecoin redemptions, permitted activities, and capital requirements, to address the growing trend of digital currencies being used more and more widely in the financial system.

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