COINOTAG News reports that on December 17, the Federal Deposit Insurance Corporation (FDIC) advanced a proposed rule to create a formal application pathway for banks to issue stablecoins through subsidiaries. The measure opens a 60-day public comment period, marking the first formal rulemaking since the passage of the GENIUS Act, also known as the American Stablecoin Innovation Act.

The rule provides a clear regulatory framework for bank-issued stablecoins, balancing innovation with oversight and consumer protections. It signals a formal governance path in the stablecoin regulation landscape, inviting market feedback during the public comment window to inform any final rule.