with respect to insured deposits, other than administrative costs incurred by the appropriate Federal banking agency and State bank supervisor, as applicable, relating to the receivership of the institution, if applicable. Consistent with subsection (f), a depository institution that redeems a payment stablecoin issued by a depository institution in receivership shall be considered to have a valid claim, with corresponding priority under this subsection, on a payment stablecoin issued by the institution in receivership. (j) Incidental activities A depository institution may conduct all incidental activities relating to the issuance and redemption of payment stablecoins, which shall include the following: (1) Management of required payment stablecoin assets in accordance with subsection (b). (2) Custodial services. (3) Settlement and clearing. (4) Post-trade services. (5) All other activities consistent with a safe and sound operation, as determined by the appropriate Federal banking agency or State bank supervisor. (k) Applicability of data privacy provisions Title V of this Act shall apply to the payment stablecoin activities of a depository institution under this section. (l) Rules (1) In general The appropriate Federal banking agencies, in consultation with State bank supervisors, shall adopt rules to implement this section, including— (A) capital treatment for depository institutions described in subsection (n)(1) in accordance with paragraph (2)