The FDIC plans to issue a final rulemaking before the end of the year to establish an application process and prudential requirements for stablecoin issuers under its jurisdiction, FDIC Chairman Travis Hill said on September 9, 2026. Speaking at the Stablecon conference in Maryland, Hill said the agency seeks to finalize the rulemaking before the law's implementation date early next year. The FDIC proposed the rulemaking earlier this year to implement the Genius Act, which created a regulatory framework for payment stablecoins.
Hill indicated the FDIC will likely wait until after the Office of the Comptroller of the Currency issues its own stablecoin rules. He noted the OCC will be the primary federal agency regulating nonbank stablecoin issuers, "so it makes sense for them to issue theirs first, and then our plan would be to follow not too far behind." Comptroller of the Currency Jonathan Gould has said the OCC plans to have a final rule by November. Hill said key issues in the FDIC proposal include permissible activities, reserve assets, redemption requirements, and capital requirements for stablecoin issuers.
The sequencing suggests a coordinated federal approach in which the OCC establishes the primary framework for nonbank issuers and the FDIC follows with requirements for institutions under its jurisdiction. Hill also said the FDIC is considering proposed rulemaking on the agency's responsibilities for the resolution of certain stablecoin providers, though he did not provide details, saying only, "More to come on that."
What remains unknown is the specific content of the final FDIC rule and whether the timing will hold if the OCC's November target slips. The dossier does not include the full text of the FDIC proposal, the Genius Act's exact implementation date, or details on how resolution authority would apply to stablecoin providers.