According to a report by PYMNTS, the U.S. Federal Deposit Insurance Corporation (FDIC) has set June 9 as the deadline for public comments on its proposed rules for stablecoin issuers. The draft clarifies that payment stablecoins themselves are not considered bank deposits protected by FDIC insurance. If stablecoin reserve assets are held in banks, they will be treated as corporate deposits of the issuer and insured, but stablecoin holders will not enjoy pass-through FDIC deposit insurance. Comment letters indicate that yield incentives, deposit migration, reporting standards, and interoperability remain key points of contention within the payments industry. https://(wublock123.com)/news/fdic-proposes-stablecoins-not-covered-by-deposit-insurance-62462