The Federal Deposit Insurance Corporation (FDIC) has extended by 90 days the comment period on its proposed rule that would implement the GENIUS Act’s application provisions for FDIC-supervised institutions seeking to issue payment stablecoins through a subsidiary. The proposal covers FDIC-supervised state nonmember banks and state savings associations, and relates to approval requirements for the issuance of payment stablecoins by subsidiaries of FDIC-supervised insured depository institutions. The comment deadline has been moved from February 17, 2026, to May 18, 2026.
Federal Deposit Insurance Corporation 2026-02-06
Federal Deposit Insurance Corporation extends comment period on proposed GENIUS Act application procedures for bank-issued payment stablecoins
The Federal Deposit Insurance Corporation (FDIC) has extended the comment period by 90 days to May 18, 2026, for its proposed rule on implementing the GENIUS Act's application provisions for FDIC-supervised institutions issuing payment stablecoins through subsidiaries.