When are FDIC stablecoin guidelines?

TLDR

The FDIC plans to publish its first proposed stablecoin framework later this month (December 2025) per statements by Acting Chair Travis Hill in a recent hearing hearing summary.

1. Prudential standards (capital, liquidity, reserves) are slated to follow early next year regulator update.
2. The GENIUS Act sets a July 2026 deadline for completing the full rule set policy overview.
3. Agencies signal a standard comment period before final adoption; some reports note a December licensing proposal then capital rules into 2026 timeline note.

Deep Dive

1. Proposal Timing

The near-term milestone is a proposed application framework for payment stablecoin issuers due in December. Hill told lawmakers the FDIC will unveil a proposed regulatory framework later this month, which starts the public comment process hearing summary.

• This first proposal focuses on how issuers apply and the supervisory expectations for dollar-pegged tokens regulator update.
• Reports also flag a December licensing proposal step, consistent with the phased rollout under the GENIUS Act timeline note.

2. Prudential Standards Next

Capital, liquidity, and reserve diversification standards are expected early next year, with a separate proposal after the application framework regulator update.

• The GENIUS Act coordinates FDIC, Fed, Treasury, and other agencies, creating a multi-step, multi-agency rulemaking path policy overview.
• Lawmakers are pressing regulators to keep the schedule tight and finish the full package by the statutory deadline hearing context.

3. Full Rule Completion Window

A broad finish line is set by the GENIUS Act: the complete framework should be in place by July 2026, after proposals, comments, and final adoption policy overview.

• Some summaries explicitly point to a December licensing proposal, then capital rules following into 2026 before finalization timeline note.
• Institutional attention is high because clear rules may accelerate bank-linked stablecoin participation and settlement use cases market context.

Conclusion

In short, the FDICs first proposed stablecoin framework is due in December, followed by prudential standards early next year. The full rule set is targeted for completion by July 2026 under the GENIUS Act, implying a standard draft-comment-revise cadence before operational rules are fully in force.