Proposed Rule2026-02665
Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions; Extension of Comment Period
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 11, 2026
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
On December 19, 2025, the Federal Deposit Insurance Corporation (FDIC) published in the Federal Register a notice of proposed rulemaking that would establish procedures to be followed by an insured State nonmember bank or State savings association (each, an FDIC-supervised institution) that seeks to obtain FDIC approval to issue payment stablecoins through a subsidiary pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The proposed rule provided for a 60-day comment period, which will close on February 17, 2026. The FDIC has determined that an extension of the comment period until May 18, 2026, is appropriate. This action will allow interested parties additional time to analyze the proposal and prepare comments.
Full Text
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<title>Federal Register, Volume 91 Issue 28 (Wednesday, February 11, 2026)</title>
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[Federal Register Volume 91, Number 28 (Wednesday, February 11, 2026)]
[Proposed Rules]
[Page 6138]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-02665]
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Proposed Rules
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
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Federal Register / Vol. 91, No. 28 / Wednesday, February 11, 2026 /
Proposed Rules
[[Page 6138]]
FEDERAL DEPOSIT INSURANCE CORPORATION
12 CFR Part 303
RIN 3064-AG20
Approval Requirements for Issuance of Payment Stablecoins by
Subsidiaries of FDIC-Supervised Insured Depository Institutions;
Extension of Comment Period
AGENCY: Federal Deposit Insurance Corporation.
ACTION: Notice of proposed rulemaking; extension of comment period.
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SUMMARY: On December 19, 2025, the Federal Deposit Insurance
Corporation (FDIC) published in the Federal Register a notice of
proposed rulemaking that would establish procedures to be followed by
an insured State nonmember bank or State savings association (each, an
FDIC-supervised institution) that seeks to obtain FDIC approval to
issue payment stablecoins through a subsidiary pursuant to the Guiding
and Establishing National Innovation for U.S. Stablecoins Act (GENIUS
Act). The proposed rule provided for a 60-day comment period, which
will close on February 17, 2026. The FDIC has determined that an
extension of the comment period until May 18, 2026, is appropriate.
This action will allow interested parties additional time to analyze
the proposal and prepare comments.
DATES: The comment period for the document published at 90 FR 59409
(December 19, 2025) is extended. Comments must be received on or before
May 18, 2026.
ADDRESSES: You may submit comments, identified by RIN 3064-AG20, by any
of the following methods:
<bullet> Agency Website: <a href="https://www.fdic.gov/resources/regulations/federal-register-publications">https://www.fdic.gov/resources/regulations/federal-register-publications</a>. Follow instructions for
submitting comments on the agency website.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#54373b3939313a20271432303d377a333b22"><span class="__cf_email__" data-cfemail="395a5654545c574d4a795f5d505a175e564f">[email protected]</span></a>. Include RIN 3064-AG20 in the
subject line of the message.
<bullet> Mail: Jennifer M. Jones, Deputy Executive Secretary,
Attention: Comments--RIN 3064-AG20, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
<bullet> Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 550 17th Street NW Building (located on F
Street) on business days between 7 a.m. and 5 p.m.
<bullet> Public Inspection: Comments received, including any
personal information provided, may be posted without change to <a href="https://www.fdic.gov/resources/regulations/federal-register-publications">https://www.fdic.gov/resources/regulations/federal-register-publications</a>.
Commenters should submit only information that the commenter wishes to
make available publicly. The FDIC may review, redact, or refrain from
posting all or any portion of any comment that it may deem to be
inappropriate for publication, such as irrelevant or obscene material.
The FDIC may post only a single representative example of identical or
substantially identical comments, and in such cases will generally
identify the number of identical or substantially identical comments
represented by the posted example. All comments that have been
redacted, as well as those that have not been posted, that contain
comments on the merits of the notice will be retained in the public
comment file and will be considered as required under all applicable
laws. All comments may be accessible under the Freedom of Information
Act.
FOR FURTHER INFORMATION CONTACT: With respect to the comment period
extension: Chantal Hernandez, Counsel, (202) 898-7388,
<a href="/cdn-cgi/l/email-protection#3d5e5555584f535c535958477d5b59545e135a524b"><span class="__cf_email__" data-cfemail="1d7e7575786f737c737978675d7b79747e337a726b">[email protected]</span></a>.
With respect to the notice of proposed rulemaking: Alfred L.
Seivold, Acting Senior Deputy Director, (415) 808-8248,
<a href="/cdn-cgi/l/email-protection#e180928488978e8d85a187858882cf868e97"><span class="__cf_email__" data-cfemail="f091839599869f9c94b096949993de979f86">[email protected]</span></a>, Division of Complex Institution Supervision and
Resolution; Sandra Macias, Acting Associate Director, (202) 898-3642,
<a href="/cdn-cgi/l/email-protection#64170905070d05172402000d074a030b12"><span class="__cf_email__" data-cfemail="10637d717379716350767479733e777f66">[email protected]</span></a>, Division of Risk Management Supervision; Nicholas
Simons, Counsel, (202) 898-6785, <a href="/cdn-cgi/l/email-protection#cda3bea4a0a2a3be8daba9a4aee3aaa2bb"><span class="__cf_email__" data-cfemail="09677a606466677a496f6d606a276e667f">[email protected]</span></a>, Chantal Hernandez,
Counsel, (202) 898-7388, <a href="/cdn-cgi/l/email-protection#ccafa4a4a9bea2ada2a8a9b68caaa8a5afe2aba3ba"><span class="__cf_email__" data-cfemail="82e1eaeae7f0ece3ece6e7f8c2e4e6ebe1ace5edf4">[email protected]</span></a>, Eugene Frenkel, Fin-Tech
Counsel, (202) 898-3578, <a href="/cdn-cgi/l/email-protection#58213e2a3d36333d34183e3c313b763f372e"><span class="__cf_email__" data-cfemail="a8d1cedacdc6c3cdc4e8ceccc1cb86cfc7de">[email protected]</span></a>, Legal Division.
SUPPLEMENTARY INFORMATION: On December 19, 2025, the FDIC published in
the Federal Register (90 FR 59409) a notice of a proposed rule that
would establish procedures for FDIC-supervised institutions seeking
FDIC approval to issue payment stablecoins through a subsidiary
pursuant to the GENIUS Act.\1\ The proposed rule stated that the
comment period would close on February 17, 2025. To provide additional
time for the public to prepare comments to address the matters raised
by the proposed rule, the FDIC is extending the comment period for the
proposed rule from February 17, 2026, to May 18, 2026.
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\1\ Public Law 119-27, 139 Stat. 419 (codified at 12 U.S.C.
5901-5916).
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Federal Deposit Insurance Corporation.
Dated at Washington, DC, on February 6, 2026.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2026-02665 Filed 2-10-26; 8:45 am]
BILLING CODE 6714-01-P
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