Catenaa, Tuesday, December 02, 2025-The Federal Deposit Insurance Corp. plans to release a proposed framework this month to carry out the GENIUS Act, marking a new phase in federal oversight of stablecoins.
Acting Chair Travis Hill told lawmakers the agency is drafting rules to set application procedures and establish prudential standards for issuers tied to FDIC-supervised institutions.
The GENIUS Act, signed in July, sets federal rules for firms that mint payment stablecoins in the United States. It directs federal and state regulators to oversee capital structures, reserves and liquidity systems for issuers.
Hill said the FDIC expects a second proposal early next year that will outline capital and liquidity expectations, along with standards for reserve assets held by issuers.
Hill said the FDIC is also drafting guidance on tokenized deposits. That effort follows recommendations issued by the President’s Working Group on Digital Asset Markets in July.
Analysts said the proposed approach could shape how stablecoin issuers structure reserves and manage liquidity events during market stress.
Regulators have been seeking clearer standards after several periods of volatility in dollar-linked tokens.
The upcoming proposals signal a tighter review of issuance tied to the banking system.
