FDIC Proposes GENIUS Act Rules for Bank Stablecoin Issuers: 1:1 Reserves and 2-Day Redemptions Required

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The FDIC approved a proposed rule on April 7, 2026, establishing 1:1 reserve requirements and 2‑day redemption for permitted payment stablecoin issuers, along with capital, liquidity, cybersecurity, and risk‑management standards under the GENIUS Act.
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