Stablecoins won't get any kind of deposit insurance under GENIUS rules, says FDIC chief

Stablecoin users won't benefit from any government guarantee of their money when the new U.S. law is implemented to govern these tokens, said Federal Deposit Insurance Corp. (FDIC) Chairman Travis ...

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Stablecoins won't get any kind of deposit insurance under GENIUS rules, says FDIC chief

Source: cryptonews.net

Stablecoin users won't benefit from any government guarantee of their money when the new U.S. law is implemented to govern these tokens, said Federal Deposit Insurance Corp. (FDIC) Chairman Travis Hill.He also specified that the ban will include ...