X @Wu Blockchain

According to Bloomberg, FDIC Acting Chair Travis Hill said the agency is developing guidance on “tokenized deposit insurance” to provide clearer regulatory parameters for financial institutions looking to expand into digital assets. Hill emphasized that moving a traditional deposit onto a blockchain does not change its legal nature. Tokenized deposits represent a digital form of deposit claims and differ from stablecoins, which are typically pegged to fiat currencies. https://t.co/GonoED05kt ...