TechFlow news: On April 8, according to Bloomberg, the U.S. Federal Deposit Insurance Corporation (FDIC) officially released guidance for financial institutions and their fintech subsidiaries on the use of stablecoins. FDIC Chair Travis Hill stated at the Board meeting in Washington on Tuesday that the new guidance establishes standards regarding reserve assets, stablecoin redemption, licensed activities, and capital requirements, to address the growing adoption of digital currencies within the financial system.
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