FDIC chair says no deposit insurance for stablecoins under GENIUS Act

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FDIC chair says no deposit insurance for stablecoins under GENIUS Act

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FDIC chair says no deposit insurance for stablecoins under GENIUS Act

Wed Mar 11 2026

Banking

Cryptocurrency

Finance

Government

cointelegraph.com

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.