FDIC Proposes New AML Rules for Stablecoin Issuers

The Federal Deposit Insurance Corporation (FDIC) has unveiled a proposed rulemaking to extend Bank Secrecy Act (BSA) and economic sanctions compliance standards to Permitted Payment Stablecoin Issuers (PPSIs). This move aims to integrate digital asset issuers into the same regulatory framework governing traditional banks.

The proposal mandates PPSIs to adopt Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) programs, aligning with requirements from FinCEN and OFAC. It follows an earlier FDIC initiative from April 2026, which set prudential standards for reserve assets, redemptions, and risk management.

Under the new rule, PPSIs would be classified as financial institutions under the BSA, requiring full AML programs, sanctions compliance structures, and customer identification protocols. The regulatory push reflects growing institutional scrutiny of stablecoins as they gain traction in mainstream finance.