Bessent said the OCC rule would support “private-sector innovation, competition, and American leadership in digital assets.”
Source: Scott Bessent
As Cointelegraph reported Wednesday, the OCC finalized rules governing stablecoin reserves, redemptions and related services. The rules are scheduled to take effect on Jan. 18, 2027.
Jonathan Gould, comptroller of the currency, described the regulations as a “clear, practical framework for payment stablecoin innovation.”
What the OCC’s stablecoin rules mean for issuers
The $GENIUS Act, signed into law in 2025, established a federal regulatory framework for payment stablecoins. The OCC’s final rule sets out how that framework will apply to issuers under its supervision, including requirements for reserves, redemptions and risk management.
Beginning Jan. 18, 2027, companies issuing payment stablecoins in the United States will generally need regulatory approval under the $GENIUS Act. Issuing stablecoins without the required authorization could carry penalties.
The OCC said the final rule covers national banks, federal savings associations, federal branches of foreign banks and nonbank companies seeking approval to issue payment stablecoins under federal supervision. It also covers certain foreign payment stablecoin issuers.
The rules come as dollar-denominated stablecoins gain traction for payments and money transfers, even as growth in their overall supply has stalled.
