OCC encourages community banks to issue stablecoins as federal deadline nears

OCC Asks Community Banks to Issue Payment Stablecoins, Citing GENIUS

Community banks already have a pending lawsuit with the OCC over its crypto charter applications, but the regulator is encouraging them to get involved with stablecoins.

US OCC calls on community banks to become payment stablecoin issuers

The announcement followed the banking regulator finalizing its rules for the GENIUS Act, a stablecoin law to be implemented in January The Office of the Comptroller of the Currency (OCC) has petitioned community banks to enter the payment stablecoin market as part of the regulator’s rules on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. In a Monday X post, the OCC said that it was “encouraging the development …

OCC encourages community banks to issue stablecoins as federal deadline nears

Regulators encouraged smaller lenders to apply as permitted stablecoin issuers to prevent digital payments from concentrating in mega-banks.

US OCC calls on community banks to become payment stablecoin issuers - Invest In Crypto News

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OCC Opens the Stablecoin Door to Community Banks—But Applications Aren’t Open Yet

The OCC wants community banks in the regulated stablecoin market, but the federal application window is still waiting on OMB approval.

US OCC urges banks to enter stablecoins under GENIUS Act rules

The Office of the Comptroller of the Currency is trying to persuade small US lenders to join the stablecoin industry by asking them publicly, in a statement released on Monday, to think about becoming a payment stablecoin issuer before the licensing framework takes effect. This is significant for community banks as they try to determine...