According to Bloomberg, FDIC Chairman Travis Hill stated that the FDIC is proposing draft regulatory guidance for banks and their fintech subsidiaries issuing stablecoins. The guidance covers reserve assets, redemption mechanisms, permissible business scope, and capital requirements, and will be open for public comment. This initiative is part of the rule-making efforts by the FDIC, OCC, and Federal Reserve following the passage of the GENIUS Act, aiming to clarify that tokenized deposits still fall under the category of deposits. It also seeks market feedback on key issues such as profit distribution, capital constraints, and insurance arrangements. https://(wublock123.com)/news/fdic-stablecoin-issuance-guidance-reserve-redemption-requirements-59235