“The FDIC has strict rules as to which institutions may call themselves FDIC-insured or use the FDIC logo for advertising,” he said. “Just as how the FDIC’s logo on a bank’s website allows savers to be confident that the bank is a safe, insurance of particular stablecoins and permission to use the FDIC logo would provide clarity about which stablecoins, up to the insurance limit, will not lose value.”
Related posts
-
Makerdao Reveals Ambitious Endgame Plans With 2 New Stablecoins
Makerdao, a leading decentralized finance (defi) protocol, has revealed... -
NEAR Token’s 10% Gain Tops CoinDesk 20 Last Week: CoinDesk Indices Market Update
CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises... -
Crypto and DeFi Wallet Firm Fordefi Gets Cover from Insurance Giant Munich Re
“The policy covers external cyber threats and attacks that would compromise the platform, as well as...