“The OCC wants community banks to help shape the future of payments and is encouraging the development of payment stablecoin capabilities within the community banking sector,” the regulator stated in a Monday (Oct. 26) post on X. “Interested community banks are encouraged to consider applying to become, or for a subsidiary to become, a permitted payment stablecoin issuer, as applicable.”
The GENIUS Act, which was enacted July 18, 2025, establishes a regulatory and licensing framework for payment stablecoins, PYMNTS reported Wednesday (Oct. 21).
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The OCC finalized guidelines governing stablecoin issuers below its jurisdiction on Wednesday. The guidelines established requirements for reserves, redemption, custody and threat administration.
The rule interprets the GENIUS Act’s necessities right into a supervisory framework for financial institution subsidiaries, federally accredited nonbank issuers and sure different suppliers. It goes into impact on Jan. 18.
PYMNTS reported Thursday (Oct. 22) that the OCC’s last rule left a gap for cryptocurrency platforms to supply stablecoin rewards, organising a contest over returns that would have an effect on the associated fee and availability of financial institution loans. The company will study particular person preparations, as the ultimate rule says current rewards packages received’t mechanically be thought-about compliant just because they predate the regulation.
Comptroller of the Currency Jonathan V. Gould stated in a Monday post on X that the OCC’s last rule continues a convention begun when the regulator was created in 1863 to information the creation of a nationwide foreign money and banking system.
“Implementing the GENIUS Act and overseeing stablecoin issuers is a reminder of our roots and our role enabling financial innovation,” Gould stated. “The final rule [OCC] released last week puts a federal framework in place allowing stablecoins to achieve their potential while furthering dollar dominance.”
In its Monday put up calling on neighborhood banks to develop cost stablecoin capabilities, the OCC famous its broader efforts to tailor supervision of these banks.
“These opportunities complement the OCC’s Community Bank Comeback initiatives to right-size regulation and tailor supervision so community banks can grow, compete and continue serving their communities,” the OCC stated.
