News Explorer — FDIC Chairman Confirms Stablecoin Users Won't Receive US Guarantees

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Mar 11, 4:08 pm

Coindesk

FDIC Chairman Confirms Stablecoin Users Won't Receive US Guarantees

The FDIC Chairman stated that stablecoin users won't have government guarantees under the new U.S. law, banning FDIC insurance for stablecoin holdings. The GENIUS Act prohibits pass-through insurance for payment stablecoins, aiming to differentiate them from bank deposits.

The FDIC Chairman stated that stablecoin users won't have government guarantees under the new U.S. law, banning FDIC insurance for stablecoin holdings. The GENIUS Act prohibits pass-through insurance for payment stablecoins, aiming to differentiate them from bank deposits.

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