FDIC Chair confirms plans for tokenized deposit insurance guidance

The FDIC chair has confirmed that it is developing guidelines for tokenized deposit insurance. The guidance under development is expected to help banks and their partners understand how tokenized deposits fit into the existing insurance structure. The Federal Deposit Insurance Corp. (FDIC) is preparing new guidance to help banks understand how deposit insurance should work […] source: https://www.cryptopolitan.com/fdic-tokenized-deposit-insurance-guidance/