US Federal Deposit Insurance Corp. Proposes Clear Framework for Bank-Issued Stablecoins
The Federal Deposit Insurance Corporation (FDIC) is advancing efforts to regulate bank-issued stablecoins, following the passage of the GENIUS Act. This move aims to establish a transparent regulatory pathway for insured banks seeking to issue digital dollar equivalents through subsidiaries, marking a significant step toward institutionalizing stablecoin issuance within traditional banking frameworks.
In a detailed 38-page proposal published on the FDIC’s website, the agency outlined criteria for approval that include rigorous evaluation of both parent institutions and their subsidiaries. Banks wishing to issue stablecoins would need to comply with standards related to issuance processes, reserve backing, and redemption policies as stipulated under the GENIUS Act. Notably, the proposal necessitates public feedback before final adoption, emphasizing the agency’s commitment to a careful regulatory approach.
Under the framework, banks would apply through a subsidiary structure, with the FDIC scrutinizing each application to ensure adherence to safety and soundness principles. The approach aims to foster innovation while safeguarding depositors and maintaining financial stability. Visual excerpts from the proposal illustrate the approval process, underscoring the FDIC’s intent to strike a balance between fostering technological advancement and enforcing regulatory oversight.
American Bitcoin Surpasses ProCap in Corporate Bitcoin Hoarding
American Bitcoin, a prominent digital asset company linked to the Trump family, has entered the top 20 ranks of corporate Bitcoin holders after surpassing ProCap Financial. The company’s accumulated holdings now total approximately 5,098 BTC, valued at around $452 million, marking a notable escalation in its digital asset treasury since December.
The firm, which trades publicly on the Nasdaq following a reverse merger with Gryphon Digital Mining, has increased its holdings by over 1,000 BTC in recent months. However, its stock remains highly volatile, reflecting the inherent price swings characteristic of Bitcoin-related securities, which are closely tied to Bitcoin’s market performance.
Anchorage Digital Acquires Securitize’s Advisory Platform to Boost Institutional Offerings
Anchorage Digital, a leading U.S.-based institutional digital asset bank, announced the acquisition of Securitize’s investment advisory platform, Securitize For Advisors (SFA). The move aims to streamline custody and advisory services for registered investment advisers (RIAs), expanding Anchorage’s institutional footprint.
This strategic acquisition enables Anchorage to integrate custody capabilities directly with adviser-facing tools, enhancing service offerings. Since obtaining a federal banking charter, Anchorage has been expanding its services, including a recent partnership with Cantor Fitzgerald to bolster Bitcoin custody solutions, reinforcing its position as a key player in institutional digital assets.
Bhutan to Leverage Bitcoin Reserves for Economic Development
The Kingdom of Bhutan, one of the largest state holders of Bitcoin, announced plans to utilize a portion of its holdings to finance the construction of Gelephu Mindfulness City. This initiative aims to develop a sustainable economic hub fostering innovation and growth while preserving long-term capital value.
With over 11,000 BTC held, Bhutan emphasizes a cautious and governance-driven approach to deploying its reserves. The country’s government stressed the importance of transparency, oversight, and capital preservation as it explores strategic uses of its digital assets to support economic diversification and development initiatives.
