WASHINGTON — Federal Deposit Insurance Corp. Chair Travis Hill on Wednesday said that payment stablecoins will likely not qualify for pass-through deposit insurance in remarks that spanned the ...

"FDIC Board approves proposed rulemaking for payment stablecoin issuers under GENIUS Act: reserve assets, redemption, custody rules, no pass-through insurance, tokenized deposits clarification by Chai ...

Ensure your deposits are protected with Federal Deposit Insurance Corporation insurance, which covers accounts up to $250,000. Learn how to maximize coverage.

Stablecoin users in the United States may soon face a stark regulatory reality: their digital dollars will not enjoy the same federal safety net as bank deposits. The Federal Deposit Insurance ...

Stablecoin users won't benefit from any government guarantee of their money when the new U.S. law is implemented to govern these tokens, said Federal Deposit Insurance Corp. (FDIC) Chairman Travis ...

A proposed plan by the agency would ban “pass-through insurance“ for stablecoins by third parties in addition to the FDIC not insuring deposits under the law. Travis Hill, chair of the US Federal ...

On March 11, FDIC Chairman Travis Hill spoke at a banking industry summit, where he outlined a forthcoming proposal that would clarify that payment stablecoins subject to the GENIUS Act (covered by ...