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Story Crypto 2 sources • Updated 3 weeks ago • top: cointelegraph.com

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

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Cointelegraph - News 3 weeks ago • cointelegraph.com
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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CoinDesk - All News 3 weeks ago • coindesk.com
Stablecoins won't get any kind of deposit insurance under GENIUS rules, says FDIC chief
The chairman of the U.S. Federal Deposit Insurance Corp. made clear that even pass-through deposit insurance won't be allowed from third-party firms.
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