The FDIC will release stablecoin regulatory guidelines by the end of the month, and guidance on tokenization of deposits is also on the way.

[Block Rhythm] The regulatory actions on the US side are quite rapid. FDIC Acting Chair Travis Hill plans to reveal some details at the House Financial Service Committee hearing on Tuesday— they will release the first batch of implementation guidelines for the “National Innovation Stablecoin Guidance Act” (the GENIUS Act) by the end of this month. In other words, they aim to set application standards and regulatory rules for institutions that want to issue stablecoins.

Travis Hill has already started drafting rules, and it is expected that prudential requirements for stablecoin issuers under the jurisdiction of the FDIC will be introduced in early next year - this sounds quite formal and is likely to impose requirements on aspects such as capital and reserves. Additionally, it is worth noting that the FDIC is also studying how to classify and regulate tokenized deposits, following the recommendations from the digital asset market working group from the president's office. This trend could be an important signal for traditional banks looking to engage in on-chain business.