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FDIC chair says no deposit insurance for stablecoins under GENIUS Act

Cointelegraph.com NewsA proposed plan by the agency would ban “pass-through insurance“ for stablecoins by third parties in addition to the FDIC not insuring deposits under the law. 

​A proposed plan by the agency would ban “pass-through insurance“ for stablecoins by third parties in addition to the FDIC not insuring deposits under the law. 

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