[Framework for Banks to Apply for Issuing Stablecoins Drafted by the U.S. Federal Deposit Insurance Corporation] The U.S. Federal Deposit Insurance Corporation is drafting a framework document to clarify the specific process for banks to apply for issuing payment-type stablecoins through their subsidiaries. The proposal will be finalized after public consultation and will detail how banks can submit applications. Acting Chairman Travis Hill stated that this process will enable the U.S. Federal Deposit Insurance Corporation to assess the safety and soundness of the business applicants intend to conduct.