Federal Register #2026-21706

OCC Final Rule Establishes Requirements for Payment Stablecoin Issuers

The U.S. Department of the Treasury’s Office of the Comptroller of the Currency (OCC) issued a final rule governing payment stablecoin issuance by entities under OCC jurisdiction. - Government agency: U.S. Department of the Treasury, Office of the Comptroller of the Currency (OCC). - The rule implements the GENIUS Act and applies to permitted payment stablecoin issuers and foreign payment stablecoin issuers within the OCC’s jurisdiction. - Key requirements address reserve management, liquidity and diversification, redemption, risk management, capital and operational backstops, custody, licensing, registration, and OCC supervision. - Requirements are tailored to issuers’ business models and risk profiles, with flexible risk-management standards. - This is a regulatory action, not a procurement or contract award; no products, services, quantities, part numbers, OEMs, or vendors are specified.

Description

The Office of the Comptroller of the Currency is issuing final regulations implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act. The rule covers issuance of payment stablecoins and certain related activities by entities subject to OCC jurisdiction, including requirements concerning reserves, redemption, risk management, capital, custody, licensing, and supervision. It applies to permitted payment stablecoin issuers and foreign payment stablecoin issuers under OCC jurisdiction. The rule is effective January 18, 2027.

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