4 articles
The 18 January 2027 effective date did not move when the deadline slipped, and any rule finalised after 20 September will lose the ability to shorten issuers' compliance runway.
The 18 July statutory deadline for GENIUS Act final rules pushes six federal agencies to publish frameworks that would impose bank-quality compliance stacks on stablecoin issuers — a cost structure the mid-market cannot carry and has been slow to prepare for.
The FDIC has approved proposed rules requiring stablecoin issuers to honour redemptions within two business days, maintain one-to-one reserve backing, and meet capital and risk management standards — while explicitly excluding stablecoin holders from deposit insurance protection.
The FDIC board voted on 7 April to advance a comprehensive prudential framework governing how federally supervised banks can issue, back, and redeem payment stablecoins, including a two-business-day redemption requirement.
