PANews reported on April 8th that, according to Bloomberg, the Federal Deposit Insurance Corporation (FDIC) has released a draft guidance on stablecoin issuance by banks and fintech subsidiaries, covering regulations on reserve assets, stablecoin redemption, permitted activities, and capital requirements. FDIC Chairman Travis Hill stated that stablecoins and tokenized deposit products continue to grow and their application scenarios are expanding due to advancements in digital assets, technological developments in financial institutions, and the Trump administration's support for the crypto industry. This proposal is part of the rule-making work undertaken by the FDIC, OCC, and the Federal Reserve following the passage of the GENIUS Act last year. The FDIC plans to solicit public comments on 144 specific issues, including permitted and prohibited activities, capital requirements, pass-through insurance treatment, and yield restrictions. The proposal will also reaffirm through legislation that tokenized deposits remain deposits under the Federal Deposit Insurance Act.