Summary of Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions
Updated 02/24/2026
The Federal Deposit Insurance Corporation (FDIC) has issued a proposed rule for FDIC-insured depository institutions to obtain approval to issue payment stablecoins through a subsidiary that would become a “permitted payment stablecoin issuer” (PPSI) under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The rule aims to create a clear regulatory pathway for banks to engage in offering stablecoin products through the subsidiary. Comments are due by May 18, 2026.
Members Can Download This Tool
Login to Download
Not Yet a Member?
Our members enjoy:
On-demand regulatory guidance hotline – by chat, phone and email – available from anywhere, on any device – 7 am - 6 pm, M-F, Central time
Research time saved daily & weekly across forms, checklists, and trainings — for every regulation
Hours of form-building and branding of bank documents saved; in some cases, even the budget of additional staff
A sounding board for support and reassessment when institutional goals or the regulatory environment changes
Access to attorneys and compliance specialists for risk modelling and decision-making in advance of large business decisions
The knowledge that C/A was created and owned by 30 State Bankers Association to provide bank compliance services to their membership organizations
Find out how a personalized team of attorneys and compliance professionals helps build targeted compliance strategies throughout your institution when you take our Live Membership Demo.