"Digital Dollars Get Bank-Level Protection as Stablecoins Move Mainstream"

Blockchain Deposit Insurance Corporation (BDIC HK LTD) has launched StableCover Pro, a specialized institutional-grade crypto insurance product tailored for SEC-compliant stablecoins, marking a significant advancement in digital asset risk mitigation. The product aligns with the SEC’s 2025 interim guidance, which recognizes compliant stablecoins as cash equivalents. StableCover Pro offers comprehensive risk coverage for digital stablecoin assets that meet stringent regulatory standards, including full backing by U.S. cash or Treasury bills, guaranteed 1:1 redemption rights, consistent peg maintenance, and independent reserve attestations [1].

StableCover Pro is designed to address the convergence of traditional treasury management and blockchain-native instruments, according to Paul Kohli, BDIC HK LTD’s Co-Founder and Managing Director of PanAsia. He emphasized that the timing of the launch is strategic, as stablecoins are transitioning from speculative tools to foundational components of institutional financial infrastructure. Kohli stated that BDIC aims to solidify its position as a global leader in insurance infrastructure for digital finance [1].

Jeffrey A. Glusman, BDIC’s Founder and CEO, highlighted the SEC’s recognition of compliant stablecoins as a watershed moment in financial regulation. He noted that this development allows institutions to hold digital assets with accounting legitimacy, but also underscores the need for risk mitigation. StableCover Pro aims to deliver the same confidence and operational protection institutions expect when holding fiat or sovereign debt, now extended to digital dollars [1].

The product is specifically targeted at institutional users, including Fortune 500 companies, commercial banks, asset managers, pensions, and insurance firms, which are increasingly exploring stablecoins as part of their treasury operations. Family offices are also seen as a prime use case, offering extra protection for ultra-high-net-worth wealth [1].

StableCover Pro provides a range of protections, including reserve failure coverage, redemption guarantees, regulatory compliance protection, and custody and technical risk coverage. Additionally, BDIC plans to offer premium add-on modules to address nuanced institutional risks, such as market disruption coverage and cross-chain risk protection [1].

The launch of StableCover Pro is timely, as the regulatory landscape for stablecoins has been evolving rapidly. The SEC’s guidance on properly backed stablecoins being classified as cash equivalents is seen as a turning point for how digital currency assets are treated on corporate balance sheets. BDIC’s strategic timing aligns with recent regulatory momentum, including the launch of its emerging business, BDIC RWA Consulting, which focuses on tokenization projects and insuring tokens that qualify for the platform [1].

BDIC is expanding its international presence, with planned operations in the Caribbean and collaborations with new sovereign fund partners. The company aims to continue expanding its coverage and product offerings, focusing on security, transparency, and consumer needs [1].

The launch of StableCover Pro positions BDIC as a key player in addressing the fiduciary responsibilities associated with custody, redemption mechanics, and regulatory status in the stablecoin space. As the market for institutional-grade crypto insurance grows, BDIC aims to provide a solution that enables institutions to engage with digital currency assets confidently, compliantly, and at scale [1].

Source: [1] Blockchain Deposit Insurance Corporation (BDIC) Launches StableCover Pro: Institutional-Grade Crypto Insurance For SEC-Compliant Stablecoins (https://btcpeers.com/press-releases/blockchain-deposit-insurance-corporation-bdic-launches-stablecover-pro-institutional-grade-crypto-insurance-for-sec-compliant-stablecoins/)