The U.S. Commodity Futures Trading Commission (CFTC) is expanding its standards for issuing stablecoins to include national trust banks, Cointelegraph reported on Friday.
The move follows the GENIUS stablecoin bill signed by President Donald Trump in July 2025 and reflects the regulatory environment for stablecoins in the United States.
The GENIUS bill is a comprehensive framework for regulating U.S. dollar-pegged stablecoins. Discussion began in earnest in December 2025, when the Federal Deposit Insurance Corp. (FDIC) proposed rules that would allow commercial banks to issue stablecoins. Under the rules, banks can issue stablecoins through subsidiaries and must meet issuance requirements under FDIC supervision. The requirements include redemption policies, sufficient collateral and financial soundness assessments.
Under the GENIUS bill, only overcollateralised stablecoins backed by 1:1 collateral are recognised, while algorithmic stablecoins and synthetic dollars are excluded from regulation.
Chi-gyu Hwang
delight@d-today.co.kr