WASHINGTON — The FDIC is giving the public three more months to weigh in on its proposed rules governing bank-issued payment stablecoins.
In a notice published late last week, the FDIC said it is extending the comment period on a December proposal that would set out procedures for state-chartered, nonmember banks and savings associations seeking approval to issue payment stablecoins through a subsidiary under the GENIUS Act. Comments, which were originally due Feb. 17, 2026, will now be accepted through May 18, 2026.
The agency said the extra time is intended to allow interested parties — including banks, fintech firms, trade groups, and consumer advocates — to more fully analyze the complex legal, supervisory, and operational issues raised by the stablecoin framework.
The proposed rule would not authorize stablecoins itself, but would create a formal FDIC approval process for insured institutions that want to issue them via subsidiaries.