Regulation · Instrument · United States · Proposed rule · Federal Deposit Insurance Corporation
FDIC proposed rule: approval requirements for payment stablecoin issuance by subsidiaries of FDIC-supervised banks
The FDIC's proposed application process for state non-member banks it supervises that want a subsidiary to issue payment stablecoins under the GENIUS Act. Its comment period was extended to May 2026; no final rule had been issued at the time of recording.
Consultation open · part of GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act)
Timeline
- 16 Dec 2025 · ProposedFDIC issues the proposal; published in the Federal Register on 19 December 2025.[1]
- 18 May 2026 · ConsultationExtended comment period closes (originally 17 February 2026).[1]
Deployments operating under it
None recorded with a source yet.
Sources
- [1]GENIUS Act Rulemaking and Reporting Tracker (as of 1 June 2026) — Chapman and Cutler, 1 Jun 2026. Accessed 12 Oct 2026.B