FDIC to Issue Guidance on Tokenized Deposits and Stablecoins by End of 2025
Acting FDIC Chair Travis Hill has outlined plans to release regulatory guidance for tokenized deposit insurance and stablecoin oversight by the end of 2025. Speaking at the Federal Reserve Bank of Philadelphia's Fintech Conference, Hill emphasized that blockchain-based deposits will retain their legal status under existing FDIC frameworks. "A deposit is a deposit," he asserted, dismissing technological migration as a jurisdictional loophole.
The agency is developing an application process for stablecoin issuers, with stringent capital, reserve, and risk management requirements. This MOVE aims to protect consumers while accommodating the $24 billion tokenized asset market that emerged in early 2025. The FDIC's approach signals institutional recognition of blockchain's role in modern finance, though within strictly defined regulatory boundaries.
