OCC Finalizes GENIUS Act Rules for Stablecoin Issuers
Edited by Steinar Vigdel Kolnes, Editor, Oslo
The OCC has finalized stablecoin issuer standards ahead of a January deadline, though the opening date for applications remains unclear.
The Office of the Comptroller of the Currency has finalized its GENIUS Act stablecoin rules ahead of a January deadline, according to Decrypt.
The framework establishes requirements covering issuers’ reserves, redemptions and risk management.
The OCC has not yet announced when it will start accepting applications, leaving that next step in the rollout unresolved.
Source: Decrypt
