OCC urges community banks to issue stablecoins under GENIUS Act
Briefing by News4U · First published
The U.S. OCC called on community banks to apply to issue dollar-pegged stablecoins under the GENIUS Act, with compliance required from Jan. 18, 2027.
The U.S. Office of the Comptroller of the Currency called on community banks to apply to issue dollar-pegged stablecoins under the GENIUS Act, saying the move would help shape payments and complement its Community Bank Comeback initiatives. [1] [2]
Issuers must comply with finalized GENIUS Act regulations from Jan. 18, 2027; existing issuers that submit complete applications by that date may request temporary waivers to continue operating during review. [1]
Sources
- OCC calls on community banks to enter the stablecoin payments market
CoinDesk · · Full text
- US OCC calls on community banks to become payment stablecoin issuers
Cointelegraph · · Summary only