Ripple Submits FDIC Insurance Proposal for RLUSD Reserves on June 9

On June 9, 2026, Ripple submitted a letter to the FDIC regarding the GENIUS Act, proposing pass-through FDIC insurance on eligible stablecoin reserve deposits. The proposal aims to strengthen institutional confidence in RLUSD by enhancing protection for reserve assets and reducing counterparty risk. According to Ripple, FDIC-backed reserve deposits would assure banks, payment providers, corporate treasuries, and asset managers that funds supporting RLUSD remain secure, even in the event of a bank failure. The initiative addresses a key barrier to institutional stablecoin adoption.
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