The US Federal Deposit Insurance Corporation proposes to establish a framework to allow banks to issue payment stablecoins through subsidiary applications. The plan requires the FDIC to assess the subsidiary's ability to meet monthly reserve requirements and disclose the composition of reserves on its website. When evaluating applications, the FDIC must consider factors such as capital and liquidity requirements, risk management principles, and management personnel background.

The US Federal Deposit Insurance Corporation proposes to establish a framework to allow banks to issue payment stablecoins through subsidiary applications. The plan requires the FDIC to assess the subsidiary's ability to meet monthly reserve requirements and disclose the composition of reserves on its website. When evaluating applications, the FDIC must consider factors such as capital and liquidity requirements, risk management principles, and management personnel background.