Back to Treasury warns stablecoin loophole could threaten $6.6 trillion in bank deposits
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True or false: The FDIC insurance limit per depositor is $250,000.
Explanation
The FDIC protects up to $250,000 per depositor, per insured bank, for each account ownership category.
Related Questions
The GENIUS Act includes dual-supervision rules that may allow nonbank stablecoin issuers access to Federal Reserve facilities.
Easytrue falseOn what date did the House of Representatives pass the GENIUS Act, prompting bank warnings about stablecoin risks?
Easymultiple choiceIf insured deposits erode due to stablecoin outflows, banks may respond by tightening their lending standards.
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