FDIC Chairman Proposes Excluding Payment Stablecoins From Pass-Through Insurance

Federal Deposit Insurance Corporation plans to propose rules that would exclude stablecoins from pass-through insurance coverage, highlighting a regulatory divide between tokenized deposits and payment stablecoins. The Limits of Pass-Through Protection Federal Deposit Insurance Corporation (FDIC) Chairman Travis Hill said the agency plans to propose rules that would explicitly exclude payment stablecoins from its pass-through []