U.S. FEDRegulation
OCC final rule implements GENIUS Act stablecoin issuance for OCC-supervised issuers, effective January 18, 2027
The Office of the Comptroller of the Currency issued a final rule on October 23, 2026, implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for payment stablecoin issuers subject to OCC jurisdiction. The rule, codified principally at 12 CFR Part 15, sets permitted activities, reserve, redemption, risk-management and application requirements. It takes effect January 18, 2027, the GENIUS Act's effective date.
Key points
- The rule is codified principally at 12 CFR Part 15, with amendments to Parts 3, 6, 8 and 19; docket OCC-2025-0372, RIN 1557-AF41.Federal Register
- Section 15.10 lists permitted activities exclusively and bars issuers from paying interest or yield solely for holding, using or retaining a payment stablecoin.Federal Register
- The final rule removes the proposal's rebuttable presumption for affiliate and related-third-party yield payments under section 15.10(c)(4).Federal Register
- Sections 15.11 to 15.14 set reserve asset, redemption, risk-management, and audit, report and supervision requirements for permitted issuers.Federal Register
- OCC proposed the rule March 2, 2026 (91 FR 10202), received about 328 comments, and addresses BSA/AML requirements in a separate rulemaking.Federal Register
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RegulationU.S.OCC GENIUS Act Payment Stablecoin RuleFinancial servicesRegulatoryTechnologyFor practitionersFor governance