FDIC Still Unclear if USDF Stablecoin Is FDIC-Insurable

FDIC Still Unclear if USDF Stablecoin Is FDIC-Insurable


The consortium has been in dialogue with several regulatory bodies, including the Office of the Comptroller of the Currency, the Federal Reserve, and the FDIC, since before the announcement, Wade Perry, chief administration officer at FirstBank said on CoinDesk TV. However, he did not respond to a question about the insurability of UDSF, either.

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