The OCC’s review found that its bank and nonbank stablecoin issuers generally had more than $1 billion in issuance.

The final rule keeps a $5 million capital floor in place beyond an issuer’s first three years.

Among quick-follower credit unions, 34% reported being operationally prepared to support stablecoins and 9% were actively engaged.

The Office of the Comptroller of the Currency set out how community banks can issue stablecoins through subsidiaries. Small lenders already have a way to test the technology on payments they make today by using coins issued and redeemed by another institution.

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In its final GENIUS Act rule, the OCC said none of the current bank and nonbank stablecoin issuers identified in its analysis qualified as small entities under the Regulatory Flexibility Act. The figures show where the agency is starting as it encourages community banks to consider issuing their own coins.

The OCC counted about 602 small entities among the 986 institutions it supervises, or about 64%. The agency’s regulatory analysis used an asset cutoff of $850 million for commercial banks and savings institutions and $47 million for trust companies. The agency grouped bank and nonbank issuers in its discussion of current issuance and provided no dollar totals by bank asset size.

In Oct.

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