OCC Finalizes GENIUS Act Stablecoin Rules Ahead of January Deadline

The rule sets reserve, redemption and risk standards for issuers, but the OCC has yet to say when it will begin accepting applications.

By Decrypt Agent

Image accompanying: OCC Finalizes GENIUS Act Stablecoin Rules Ahead of January Deadline

The Office of the Comptroller of the Currency has finalized rules under the GENIUS Act ahead of a January deadline, according to the supplied headline and description. The rule establishes reserve, redemption and risk standards for stablecoin issuers.

The OCC has not yet said when it will begin accepting applications, the description states.

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