U.S. banks could soon begin applying to issue payment stablecoins after the Federal Deposit Insurance Corporation (FDIC) unveiled a proposed approval framework. The move marks one of the first concrete regulatory steps to implement the GENIUS Act, a stablecoin law signed earlier this year. FDIC Sets Stablecoin Approval Path for Banks The FDIC board releasedThe post U.S. Banks May Soon Issue Stablecoins as FDIC Proposes GENIUS Act Framework appeared first on CoinGape.