Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions; Extension of Comment Period
By Federal Deposit Insurance Corporation
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Operational Brief
- The FDIC proposed a rule requiring approval for issuing payment stablecoins through a subsidiary by FDIC-supervised institutions.
- The comment period has been extended until May 18, 2026.
Why It Matters for Texas Credit Unions
The article does not explicitly mention Texas or any Texas-specific entities. It is a general federal regulation that applies to all FDIC-supervised institutions.
Who this most likely affects
Limited site guidance: Institutions should review this based on their own products, size, vendors, and supervisory posture.
The item has some Texas or operational relevance signals, but the site does not yet have enough support to narrow it to one institution profile with confidence.
This is site guidance, not a formal determination. Federal Register - FDIC and the original source material remain the governing reference.
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On December 19, 2025, the Federal Deposit Insurance Corporation (FDIC) published in the Federal Register a notice of proposed rulemaking that would establish procedures to be followed by an insured State nonmember bank or State savings association (each, an FDIC-supervised institution) that seeks to obtain FDIC approval to issue payment stablecoins through a subsidiary pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The proposed rule provided for a 60-day comment period, which will close on February 17, 2026. The FDIC has determined that an extension of the comment period until May 18, 2026, is appropriate. This action will allow interested parties additional time to analyze the proposal and prepare comments.