US FDIC Said to Be Studying Deposit Insurance for Stablecoins — CoinDesk

“The FDIC has strict rules as to which institutions may call themselves FDIC-insured or use the FDIC logo for advertising,” he said. “Just as how the FDIC’s logo on a bank’s website allows savers to be confident that the bank is a safe, insurance of particular stablecoins and permission to use the FDIC logo would provide clarity about which stablecoins, up to the insurance limit, will not lose value.”

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *