CryptoBearishCoinDesk · Mar 117/10
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Stablecoins won't get any kind of deposit insurance under GENIUS rules, says FDIC chief
The FDIC chairman announced that stablecoins will not receive any form of deposit insurance under GENIUS rules, including pass-through insurance from third-party firms. This regulatory stance clarifies the FDIC's position on protecting stablecoin holders and could impact the stablecoin market structure.
