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OCC Finalizes Stablecoin Framework as January Compliance Date Approaches

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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.

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The rule, issued Wednesday (Oct. 21), translates the GENIUS Act’s requirements into a supervisory framework for bank subsidiaries, federally approved nonbank issuers and certain other providers. It takes effect Jan. 18, giving prospective issuers a short runway to prepare for regulated operations.

“We are providing a clear, practical framework for payment stablecoin innovation, with strong standards for reserve backing, redemption, and risk management,” Comptroller Jonathan Gould said in a Wednesday press release.

Enacted July 18, 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins Act establishes a regulatory and licensing framework for payment stablecoins. It generally prohibits anyone other than a permitted issuer from issuing a payment stablecoin in the United States.

The law also restricts distribution. Digital asset service providers cannot offer or sell payment stablecoins to U.S. customers unless the issuer is permitted under the framework or is a foreign issuer meeting specified requirements. The framework reaches both companies creating stablecoins and businesses providing access to them.

In a statement, Treasury Secretary Scott Bessent compared the legislation to Abraham Lincoln’s National Currency Act of 1863, which “established a national framework for bank-issued currency.”

The OCC’s rule covers subsidiaries of national banks and federal savings associations, nonbank entities seeking or holding federal issuer approval, and state-qualified issuers over which the agency has statutory regulatory or enforcement authority.


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