FDIC Proposes Rules to Implement GENIUS Act Stablecoin Framework
The FDIC is building the rulebook for how banks can issue stablecoins.
What Changed
On April 8, 2026, the FDIC Board of Directors approved a notice of proposed rulemaking to implement requirements under the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act). The proposal establishes procedures for bank subsidiaries to issue payment stablecoins, including capital requirements, reserve asset standards, and consumer protection obligations.
Who It Affects
Banks considering stablecoin issuance through subsidiaries, existing stablecoin issuers that may need to comply with new federal standards, payment processors integrating stablecoin rails, and fintech companies building on stablecoin infrastructure. The GENIUS Act implementing rules are due by July 18, 2026.
What to Do
Review the proposed rulemaking for requirements relevant to your operations. If you are a bank evaluating stablecoin issuance, assess the capital and reserve requirements against your balance sheet capacity. Submit public comments during the comment period if the proposed rules affect your business model.
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