Payment stablecoin holders won’t be eligible for federal deposit insurance even if their assets are held at insured banks, the federal regulator charged with overseeing the bank backstop said.
FORT LEE, N.J.--(BUSINESS WIRE)--Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, announced the launch of its automated sweep feature ...
Automated sweeps into high-yield accounts enable fintechs to offer better returns and enhanced insurance for their customers, with Bluevine leading the way as a pilot client Galileo facilitates the ...
Most certificates of deposit (CDs) are insured by the Federal Deposit Insurance Corporation (FDIC) if they’re issued by a member bank. That means your money is protected up to $250,000 per depositor, ...
Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced the launch of its automated sweep feature using the IntraFi Cash Service. The capability will ...
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FDIC rejects deposit insurance request tied to stablecoin holdings
FDIC says stablecoin holders will not qualify for federal deposit insurance under new US rules, leaving digital dollar users without the protections given to traditional bank deposits.
Senators Bill Hagerty and Angela Alsobrooks have introduced legislation that would raise the FDIC deposit insurance limit on noninterest-bearing transactions account balances from $250,000 to $10 ...
FDIC chief says stablecoins will not qualify for deposit insurance under the GENIUS Act, including pass-through coverage.
Among its provisions, the act temporarily increases the basic insurance coverage limit provided by the Federal Deposit Insurance Corporation (FDIC) for depositors in banks and savings and loan ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...
The Federal Deposit Insurance Corporation (FDIC), which protects insured bank deposits, may be facing changes. According to CNN, in late 2024, then-President-elect Donald Trump’s allies were talking ...
Wed, January 28, 2026 at 10:18 PM UTC If you keep money at a credit union, your deposits are protected by the National Credit Union Administration (NCUA): the federal agency that insures more than 143 ...
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