Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions; Extension of Comment Period
Summary
The FDIC is proposing new rules for how banks can offer stablecoins—digital currencies backed by real money or assets—through their subsidiaries. The agency is extending the deadline for public comments on these rules to help people understand and provide feedback on how banks should be allowed to issue and manage these digital payment options.
Key Points
- 1Banks that are supervised by the FDIC would be allowed to issue stablecoins (digital money tied to regular currency) through separate companies they own
- 2The FDIC wants public input on what safety rules and approval processes should be required before banks can start issuing these digital currencies
- 3The comment period has been extended to May 19, 2026, giving people more time to submit feedback and concerns about these rules
- 4This regulation affects large banks and financial institutions more than individuals, but could eventually impact how people use digital payment options
- 5The rules aim to balance allowing banks to innovate with new technology while protecting customers' money and the stability of the banking system
Key Dates
February 11, 2026
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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