OCC Issues Final Stablecoin Rule Under GENIUS Act
- On Wednesday, the Office of the Comptroller of the Currency finalized stablecoin regulations under the GENIUS Act, establishing standards for reserves, redemptions, and risk management for issuers under its jurisdiction.
- After receiving roughly 328 public comments, the OCC dropped the proposed yield test and the automatic redemption extension that would have applied when requests exceeded 10% of outstanding issuance.
- Operational standards mandate a two-business-day redemption window, full reserve backing equal to outstanding stablecoins, and a $5 million capital floor, while the OCC retains authority to act against evasion of the interest payment prohibition.
- Crypto exchanges must secure agency approval for existing rewards programs; Comptroller of the Currency Jonathan Gould stated, "We are providing a clear, practical framework for payment stablecoin innovation, with strong standards for reserve backing, redemption, and risk management."
- The rule takes effect January 18, 2027, when the GENIUS Act itself becomes law, and the regulator said it "will apply the language of the statute to the facts and circumstances of any particular arrangement" through case-by-case oversight.
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Regulators Just Finalized the Stablecoin Rules. Can You Still Earn Yield on Your Stablecoins?
The OCC just finalized stablecoin rules under the GENIUS Act, and the fate of exchange rewards like Coinbase's USDC program hangs in a regulatory gray zone that could evaporate before January 2027.
Cointelegraph
The New York LedgerOCC Issues Final Stablecoin Rule Under GENIUS Act
The Office of the Comptroller of the Currency’s final rule covers payment stablecoin issuance and some custody activities, with the GENIUS Act framework taking effect in mid-January.
OCC's Final Stablecoin Rule Backs Off Yield Test, Scraps Automatic Redemption Extension
The Office of the Comptroller of the Currency (OCC) will not presume that stablecoin issuers break the GENIUS Act’s yield ban when affiliates or related third parties pass payments on to holders. The agency removed that test from its final rule implementing the 2025 stablecoin law, which it announced on Wednesday. The rule applies to stablecoin issuers the OCC licenses and foreign issuers within its reach, as well as certain custody services off…
The Office of the Currency Controller (OCC) of the United States published on October 21st the first final rule that applies the GENIUS Law on Stablecoins of Payment, according to its official communiqué. The rule will enter into force on January 18, 2027, the same date that the law begins to govern, and [...] The entry The OCC publishes the first final rule of the GENIUS Law for Stablecoins: it applies since January was first published in Crypt…
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