U.S. Financial Regulation Announces Major New Measures. Today, the FDIC Board officially approved new rules regarding banks issuing stablecoins, marking the formal opening of the door for traditional financial institutions to enter the stablecoin space.

The core points of the new regulation are clear: banks must issue stablecoins through subsidiary structures and cannot operate directly. They are also required to hire certified public accountants for independent audits, enforce information disclosure systems, and incorporate the entire process into the traditional banking regulatory framework. In other words, stablecoins are officially moving from the gray area into a regulated and standardized phase.

This change is a turning point for stablecoin issuers who have been pursuing compliance. Their years of compliance planning finally have clear policy support. However, it’s important to note that this is just the beginning of the 60-day public comment period, and there will still be extensive feedback and negotiations from various industry parties.

Interestingly, while market focus is on traditional financial institutions entering the space, the on-chain stablecoin ecosystem has already been evolving. USDD, as an algorithmic stablecoin solution, employs a completely different technical approach. Compared to traditional bank-style centralized guarantees, USDD maintains stability through on-chain mechanisms, representing another exploration direction in decentralized finance.

The next two months, with regulatory details clarified and the market performance of different stablecoin schemes, will reshape the competitive landscape of the entire industry.