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Cryptocurrency Cointelegraph

FDIC chair says no deposit insurance for stablecoins under GENIUS Act

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.

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Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

FDIC chair says no deposit insurance for stablecoins under GENIUS Act

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.

Why this matters

This maps to the Stablecoins hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.

Original source

Read on Cointelegraph

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