The Federal Deposit Insurance Corp. plans to propose that pass-through insurance not be available for stablecoin deposits.

FDIC chief says stablecoins will not qualify for deposit insurance under the GENIUS Act, including pass-through coverage.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...

Travis Hill, chair of the US Federal Deposit Insurance Corporation (FDIC), confirmed that, in his opinion, a law passed in ...

Payment stablecoin holders won’t be eligible for federal deposit insurance even if their assets are held at insured banks, ...

The FDIC was established in 1933 to protect deposit accounts in the event of a bank failure. FDIC-insured accounts are covered for up to $250,000 per depositor, per ownership category at an insured ...

Simply put, Federal Deposit Insurance Corporation insurance protects your money if your bank fails. Safeguarding your deposits is always important, but it’s particularly crucial during times of ...

The Federal Deposit Insurance Corp. typically steps in once a bank is declared insolvent and closed by government regulators. The FDIC provides insurance for some bank deposits and helps transfer ...

FDIC is seeking to ban stablecoin deposit insurance under the GENIUS Act and has invited public comments on pass-through coverage rules.

PHILADELPHIA (CBS/AP) -- Philadelphia-based Republic First Bank was closed by state regulators Friday night and its assets were given to the Federal Deposit Insurance Corp., FDIC announced in a news ...