XBRL US responded to the Federal Deposit Insurance Corporation (FDIC) Notice of Proposed Rulemaking: Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions; published by the FDIC. The FDIC has jurisdiction for applications for issuance of payment stablecoins and related payment stablecoin activities by subsidiaries of FDIC-supervised institutions for which the FDIC is the primary Federal payment stablecoin regulator.
Read the letter:XBRL US Letter RE FDIC—RIN 3064–AG20
