FDIC Chair Says no Deposit Insurance for Stablecoins under GENIUS Act
A proposed plan by the agency would ban “pass-through insurance“ for stablecoins by third parties in addition to the FDIC not insuring deposits under the law.
Source: Cointelegraph
A proposed plan by the agency would ban “pass-through insurance“ for stablecoins by third parties in addition to the FDIC not insuring deposits under the law.