OCC finalizes GENIUS Act rules for stablecoin issuers, reserves and redemptions
Briefing by News4U · First published
The OCC issued final rules implementing the GENIUS Act for stablecoin issuers, requiring reserves and timely redemptions, effective January 18, 2027.
The Office of the Comptroller of the Currency finalized rules Wednesday for payment stablecoin reserves, redemptions and custody, implementing the GENIUS Act for national banks, federal savings associations, federal branches and nonbank firms seeking federal qualified issuer status. [1] [2] [3]
Issuers must maintain reserves equal to outstanding stablecoins and generally process redemption requests within two business days. The rule bans issuers from paying yield solely for holding, using or retaining stablecoins, with case-by-case oversight of rewards programs. [1] [2]
Sources
- OCC's final rule to start fresh in weighing stablecoin rewards against GENIUS Act ban
CoinDesk · · Excerpt
- OCC finalizes GENIUS Act rules for stablecoin issuers and custody
Cointelegraph · · Full text
- Treasury Secretary Bessent likens GENIUS Act to Lincoln-era banking reform
Cointelegraph · · Full text