Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act

bitcoinistPublicado a 2025-12-16Actualizado a 2025-12-16

Resumen

The FDIC has announced a new framework allowing banks to apply for issuing payment stablecoins through subsidiaries under the GENIUS Act. Acting Chair Travis Hill stated the process is designed to ensure the safety and soundness of bank applications. Banks must submit detailed proposals, including descriptions of the stablecoin, subsidiary activities, financial information, ownership structure, and customer policies. The FDIC will notify applicants within 30 days if an application is substantially complete and must decide on approval within 120 days thereafter. This is the first step in implementing the stablecoin law, with further proposals on management standards and digital asset regulations expected.

The Federal Deposit Insurance Corporation (FDIC) has announced a new framework that outlines how banks can apply to issue payment stablecoins through subsidiaries as part of the implementation of the country’s stablecoin bill, the GENIUS Act.

FDIC’s First Move On GENIUS Act

In a statement, Acting Chair Travis Hill emphasized that the proposed process is tailored to allow the FDIC to thoroughly evaluate the safety and soundness of applications from banks seeking to enter the stablecoin market.

According to a summary from FDIC staff, banks wishing to issue payment stablecoins will need to submit detailed applications outlining various aspects of their proposed activities.

Each application must include a description of the intended payment stablecoin, along with a comprehensive overview of the subsidiary’s activities.

Additionally, institutions must provide financial information, details regarding the ownership and control structure of the subsidiary, and pertinent policies related to customer agreements, including provisions for custody. Applicants will need to submit an engagement letter from a registered public accounting firm.

30-Day Review Period For Stablecoin Applications

The FDIC aims to promptly review submissions, notifying stablecoin applicants within 30 days whether their application has been deemed substantially complete. Following that, the agency must make a decision on approval within 120 days from the time the application reaches this status.

“This proposed rule is the FDIC’s first action to implement the GENIUS Act,” stated Acting Chairman Travis Hill. He added that in the coming months, the agency plans to introduce proposals to establish the required management standards for subsidiaries of FDIC-supervised institutions that are approved to issue payment stablecoins.

The FDIC is also committed to providing comprehensive regulatory clarity regarding activities associated with digital assets and tokenized deposits. The plan will undergo a public consultation period before it can be finalized.

The daily chart shows the total crypto market cap at $2.93 trillion. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com

Criptos en tendencia

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

PancakeSwapCAKE

DAPPOSDOS

Lecturas Relacionadas

Demand Test: Bitcoin Whales Earn Record $1.2 Billion, Ethereum Holders Return to Profitability

In just three days after Bitcoin's price recovery, new Bitcoin whales have realized over $1.2 billion in profit, marking the largest profit-taking event for this cohort on record according to CryptoQuant. The peak occurred on August 20 with roughly $614 million, setting a daily record. Analysts note this selling pressure began after Bitcoin rose above the realized price of short-term whales, which was around $68,900. With Bitcoin trading near $77,700 on August 23, these whales were sitting on an average profit of about 12.8%. The market recovery allowed investors who were previously at breakeven or at a loss to lock in gains. CryptoQuant described the situation as a key test for Bitcoin demand; sustained prices above whale cost-basis with normalized profit-taking could signal strong new demand, while continued selling pressure could turn the rally into a mere break-even exit. Simultaneously, large Ethereum holders have also returned to an unrealized profit zone following its rally, as noted by CryptoQuant analyst Darkfost. Current profit levels, however, remain relatively low and are not seen as creating significant selling pressure. The Unrealized Profit/Loss Ratio for different whale cohorts stands at 0.075 (for 1k-10k ETH holders), 0.16 (10k-100k ETH), and 0.38 (over 100k ETH). This marks a significant improvement from June, when these whales were in substantial unrealized loss, with Ethereum having risen over 65% since then. The increased profitability is viewed as a positive sentiment signal for the Ethereum market.

cryptonews.ruHace 9 min(s)

Demand Test: Bitcoin Whales Earn Record $1.2 Billion, Ethereum Holders Return to Profitability

cryptonews.ruHace 9 min(s)

Kinetiq Team Announces Elysium L2 Network for Hyperliquid

On August 24, the liquid staking protocol Kinetiq announced Elysium, a new L2 network for the Hyperliquid ecosystem. It aims to increase HyperEVM's throughput and simplify the launch of spot markets, tokens, and DeFi applications. Elysium will use $HYPE for gas fees and plans direct integration with HyperCore's trading engine, giving apps access to its liquidity and orderbook data. Technical details and partners will be revealed later, with a launch date set for "soon." A primary reason for Elysium's development is to overcome HyperEVM's limitations, such as low throughput and rising fees during high load. Kinetiq claims the L2 will start with significantly higher block production and transaction speeds, later aiming to approach HyperCore's performance. This targets applications needing frequent state updates like high-frequency spot trading and AMMs, and will provide them deeper access to HyperCore orderbook data. The network also proposes to streamline the process of launching new assets within Hyperliquid, allowing a token to progress from AMM liquidity to HyperCore's spot orderbook and eventually to perp markets via HIP-3 in a unified flow. Regarding revenue, Kinetiq's model allocates 50% of sequencer fees to buy back and burn $KNTQ, 25% to developers using Elysium's block space, and 25% to the Kinetiq treasury. Elysium marks Kinetiq's expansion beyond its core liquid staking product, kHYPE.

cryptonews.ruHace 11 min(s)

Kinetiq Team Announces Elysium L2 Network for Hyperliquid

cryptonews.ruHace 11 min(s)

Shipyard Winds Down IPFS Work After Protocol Labs Ends Funding

The Shipyard team, responsible for maintaining and developing key components of the InterPlanetary File System (IPFS), will cease its engineering work, maintenance, and infrastructure management on September 30. This follows Protocol Labs' decision not to renew its funding for the team. Projects like Kubo, Helia, Boxo, Rainbow, IPFS Desktop, and IPFS Companion will be left without a dedicated maintenance crew as a result. Shipyard, formed in 2024 by experienced former Protocol Labs IPFS developers, will also stop maintaining public infrastructure, including ipfs.io and dweb.link. Protocol Labs owns these domains and will decide their future. While IPFS itself is not shutting down, the move leaves many popular implementations and services without consistent support unless other developers take them over. A Protocol Labs representative stated that IPFS will transition to a "more lightweight maintenance" model using grants from the IPFS Foundation to fund individual maintainers, with development continuing on decentralized public infrastructure.

cryptonews.ruHace 11 min(s)

Shipyard Winds Down IPFS Work After Protocol Labs Ends Funding

cryptonews.ruHace 11 min(s)

Hyperliquid Policy Center Calls on US Regulators to Create a Framework for Perpetual Futures

The Hyperliquid Policy Center, a non-profit promoting DeFi, has called on U.S. regulators (the SEC and CFTC) to create a regulatory framework for perpetual futures. They argue that a contract's underlying asset should determine its jurisdiction, not alter its economic nature. Specifically, for stock-based derivatives, they propose classification as traditional futures under joint CFTC/SEC oversight, rather than as security-based swaps (SBS). Key reasons include the contracts' standardization, fungibility, public pricing, and the fact that they don't confer ownership of the underlying asset. The Center urges the agencies to issue joint guidance, avoid a rigid single classification test, apply a consistent approach across different assets (like Bitcoin and stocks), and modernize rules for security futures. This push faces opposition from traditional exchanges like CME Group and ICE, which argue for stricter regulation of platforms like Hyperliquid and have even sued the CFTC over the classification of perpetual contracts, advocating for their designation as swaps.

cryptonews.ruHace 13 min(s)

Hyperliquid Policy Center Calls on US Regulators to Create a Framework for Perpetual Futures

cryptonews.ruHace 13 min(s)

India plans to issue first tokenized bonds using wholesale CBDC — Reuters

India is planning to launch its first tokenized corporate bonds in September as a pilot project, with settlements using the country's blockchain-based wholesale central bank digital currency (CBDC). State-controlled infrastructure finance company REC Limited plans to issue bonds worth less than 5 billion rupees ($57 million), as reported by Reuters. Initially, only a limited group of investors will participate in the pilot, which may be unveiled at a fintech event in Mumbai. Investors will use two digital wallets: one for the wholesale CBDC provided by a bank and a new DEMAT 2.0 securities wallet that will record bond ownership on a distributed ledger. The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) are jointly developing the initiative. The bonds will have a three-month initial lock-in period, and exchanges are expected to establish a secondary market by December.

cryptonews.ruHace 13 min(s)

India plans to issue first tokenized bonds using wholesale CBDC — Reuters

cryptonews.ruHace 13 min(s)

Trading

Spot

Artículos destacados

Cómo comprar SOON

¡Bienvenido a HTX.com! Hemos hecho que comprar SOON (SOON) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar SOON (SOON) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu SOON (SOON)Después de comprar tu SOON (SOON), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear SOON (SOON)Tradear fácilmente con SOON (SOON) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

243 Vistas totalesPublicado en 2025.05.23Actualizado en 2026.06.02

Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de SOON (SOON).