FDIC to Issue Guidance on Tokenized Deposits and Stablecoin Applications by 2025
Acting FDIC Chair Travis Hill announced plans to clarify how deposit insurance applies to blockchain-based deposits, ensuring they retain the same legal protections as traditional deposits. The agency aims to introduce a stablecoin issuer application process by late 2025.
Hill emphasized that the technological format of tokenized deposits should not alter their fundamental legal nature. "A deposit is a deposit," he stated, underscoring the FDIC's commitment to regulatory consistency amid rapid innovation in blockchain finance.
The MOVE comes as real-world asset tokenization gains momentum across global markets, with the sector's value excluding stablecoins surpassing $24 billion. This regulatory clarity could accelerate institutional adoption of blockchain-based financial instruments.