Crypto Biz: Bank stablecoins get a rulebook; Bitcoin gets a land grab
The FDIC proposed rules for bank-issued stablecoins, while corporate Bitcoin accumulation and Bhutan's BTC financing plans mark key industry developments.Summary
The US Federal Deposit Insurance Corp. (FDIC) has proposed a framework under the GENIUS Act for insured banks to seek approval for issuing payment stablecoins through subsidiaries, signaling clearer regulatory guidance for digital dollar minting. In corporate news, American Bitcoin surpassed ProCap to enter the top 20 corporate Bitcoin holders, adding over 1,000 BTC since December. Furthermore, Anchorage Digital expanded its institutional offerings by acquiring Securitize’s investment adviser platform to integrate custody and advisory tools. On the sovereign front, Bhutan plans to utilize a portion of its significant Bitcoin reserves to help finance the Gelephu Mindfulness City, a new economic hub, while emphasizing capital preservation and strong governance.
(Source：Cointelegraph)