The regulations include reserves of at least 1:1, redemption within two business days, a minimum capital of $5 million, and standards for storage and risk management. However, the rules do not allow the government to guarantee deposits in stablecoins. In the event of bankruptcy, the issuer's account will be treated as a single corporate deposit. This will reduce payouts to depositors compared to if they were considered individuals. The FDIC stated that its rules will ensure a "safer environment" for stablecoin holders. The agency explains this by the high standards of regulation and oversight for payment stablecoins. The FDIC will accept comments on the regulation of stablecoin issuers for 60 days. The agency insures deposits at 4,000 financial institutions and oversees the activities of more than 2,700 banks and savings associations.