The U.S. FDIC's proposed rulemaking under the GENIUS Act marks a crucial step toward establishing a regulatory framework for stablecoins, with South Korea following suit in its legislative efforts. As yield-bearing stablecoins gain traction against the backdrop of unyielding CBDC policies, experts warn that the non-remunerative stance of the U.S. CBDC may hinder its competitiveness in the market. With both nations classifying stablecoin issuers as financial institutions, compliance becomes imperative, especially as USDC gains favor over USDT in transaction volume amidst a substantial shift in the stablecoin landscape.
“This is one of the proposals included in a notice of proposed rulemaking (NPRM) approved Tuesday by the FDIC board of directors, according to the release.”
“The FDIC’s proposal is the regulator’s second action to implement the GENIUS Act.”
“The comment period on that NPRM, which was initially scheduled to end Feb. 17, was extended and is now set to end on May 18, according to the FDIC website.”
“Stablecoins processed $7.5 trillion in March 2026, surpassing the U.S. ACH network for the first time.”
“USDC overtook USDT in organic on-chain volume in Q1 2026, with USDC rising 59% while USDT fell 17%.”
“Yield-bearing stablecoins grew 22% in Q1 2026, adding $4.3 billion as capital rotated out of USDT.”
“USDT supply dropped $3 billion during the quarter, whereas USDC added $2 billion.”
“TRON recorded over $4 billion in USDT inflows during Q1. Most of this growth came from payment-related activity.”
“USDC gained ground against USDT. It added about $2 billion in supply during the quarter.”
“Strategy continues its aggressive Bitcoin accumulation strategy, purchasing an additional 4,871 BTC in early April for approximately $329.9 million.”
“Coinbase is riding a wave of institutional adoption with Q1 2026 revenue expectations showing 42% year-over-year growth to $1.84 billion.”
“Circle Internet Group is capitalizing on the trillion-dollar stablecoin opportunity, reporting 64% revenue growth to $2.7 billion.”
