The acting chair of the FDIC is considering guidance for tokenized deposit insurance and plans to launch a stablecoin application process by year’s end. The total value of tokenized real-world assets exceeded $24 billion in the first half of the year. BlackRock, a major player, launched a tokenized money market fund called BUIDL in 2024.

The FDIC is working on a stablecoin issuance regime and expects to propose an application process by the end of 2025 under the GENIUS Act. The market capitalization of stablecoins is around $305 billion. Banks worldwide are exploring stablecoin technology, indicating high growth in the sector.

Read more at Cointelegraph: FDIC Considering Tokenized Deposit Insurance, Stablecoin Applications