FDIC issues stablecoin guidelines covering reserve assets and capital requirements

Mars Finance news: 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 areas including reserve assets, stablecoin redemptions, permitted activities, and capital requirements, in order to address the growing trend of digital currencies being increasingly used in the financial system.

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