Cryptocurrency
3Β months, 4Β weeks ago
FDIC chair says no deposit insurance for stablecoins under GENIUS Act
A proposed plan by the agency would ban βpass-through insuranceβ for stablecoins by third parties in addition to the FDIC β¦
Impact on USDT:
The news is likely to have a bearish impact on stablecoins, such β¦
The FDIC chair announced that stablecoins will not be eligible for deposit insurance under the β¦
High (80%)
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