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94 Stablecoins won't get any kind of deposit insurance under GENIUS rules, says FDIC chief

CoinDesk
Jesse Hamilton @ CoinDesk 3 place · today 12:08 EDT

Stablecoins won't get any kind of deposit insurance under GENIUS rules, says FDIC chief

The chairman of the U.S. Federal Deposit Insurance Corp. made clear that even pass-through deposit insurance won't be allowed from third-party firms.

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