OCC Finalizes Stablecoin Framework as January Compliance Date Approaches
The Office of the Comptroller of the Currency (OCC) has finalized rules governing stablecoin issuers under its jurisdiction, establishing standards for reserves, redemption, custody and risk management ahead of a January deadline. The rule, issued Wednesday (Oct. 21), translates the GENIUS Act’s requirements into a supervisory framework for bank subsidiaries, federally approved nonbank issuers…
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