According to the source, the U.S. FDIC has proposed the first U.S. stablecoin rule emerging from the GENIUS Act; confirm by checking the proposal docket on fdic.gov or the Federal Register when posted. Source: user-submitted social media post; fdic.gov. Under the Administrative Procedure Act, proposed rules proceed through notice and public comment before any finalization, so near-term trading impact hinges on the published text and timeline once the docket appears. Source: 5 U.S.C. 553. Traders should be ready to parse reserve composition, redemption windows, custody and disclosure requirements in the proposal to map likely effects on USD stablecoin liquidity and on USDC and USDT market spreads once the text is available. Source: U.S. Treasury President's Working Group report on stablecoins 2021; OCC Interpretive Letters 1170 to 1179.