Gate News message: On April 8, 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 said on Tuesday at a board meeting in Washington that the new guidance will establish corresponding rules covering areas such as reserve assets, stablecoin redemptions, permitted activities, and capital requirements, to address the growing trend of digital currencies being increasingly adopted in the financial system.
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