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The world is being quietly rearranged by people who write very long documents.

Federal Register · December 19, 2025
The title they went with Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions Noisy translates that to

Banks can now issue digital cash, but only if federal regulators say yes first

What happened
The Federal Deposit Insurance Corporation (FDIC) is proposing new rules for banks that want to issue digital cash, also known as payment stablecoins. Banks must now get explicit approval from the FDIC before they can offer these digital currencies through their subsidiaries.
Why it matters
Before this, banks could argue that issuing digital cash was just another service, not something that needed special permission. This proposal makes it clear that federal regulators want to control how banks get involved with digital currencies. It means the FDIC will decide which banks can issue stablecoins and under what conditions, adding a new layer of oversight to the digital asset market.
The signal
Watch how many banks apply for this approval and how quickly the FDIC processes those applications, which will show how eager banks are to enter this market and how strict regulators will be.
If you insist
Read the original →