The Federal Deposit Insurance Corporation (FDIC) extended the comment period for its notice of proposed rulemaking on approval requirements for issuing payment stablecoins through subsidiaries by FDIC-supervised insured depository institutions. The deadline moved from 17 February 2026 to 18 May 2026. The proposal, published in the Federal Register on 19 December 2025, would establish the application procedures an insured State nonmember bank or State savings association would follow to obtain FDIC approval to issue payment stablecoins through a subsidiary under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS Act). It would implement section 5 of the GENIUS Act by setting out how applications are evaluated against statutory factors, processed within specified timeframes, and appealed if denied, and the extension applies to all FDIC-supervised financial institutions.
Federal Deposit Insurance Corporation 2026-02-06
Federal Deposit Insurance Corporation extends to 18 May 2026 comment period on proposed GENIUS Act payment stablecoin issuance approval procedures
The Federal Deposit Insurance Corporation extended the comment period for its proposed rulemaking on approval requirements for issuing payment stablecoins through subsidiaries by FDIC-supervised insured depository institutions from 17 February 2026 to 18 May 2026. The proposal outlines application procedures under the Guiding and Establishing National Innovation for U.S. Stablecoins Act, detailing evaluation, processing, and appeal processes for insured State nonmember banks and State savings associations.