Regulatory Alerts2026-04-10 | 2026-06974GENIUS Act Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers and Insured Depository Institutions
The Federal Deposit Insurance Corporation proposes implementing requirements under the GENIUS Act for FDIC-supervised permitted payment stablecoin issuers and insured depository institutions acting as custodians. The rule establishes tailored capital, liquidity, reserve asset, and risk management standards for these entities while clarifying that deposits held as stablecoin reserves qualify for corporate deposit insurance coverage rather than pass-through coverage. It further defines key digital asset and custody terms, aligns with other federal regulators to promote consistency, and outlines application procedures for stablecoin issuance approval.
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