According to The Block, the U.S. Office of the Comptroller of the Currency (OCC) has issued the final implementing rules for the GENIUS Act, becoming the first U.S. regulator to complete stablecoin rulemaking. The rules will take effect on January 18, 2027. The final rules establish a regulatory framework for approved stablecoin issuers, outlining pathways for both banks and non-bank entities to engage in payment stablecoin activities, while setting standards for foreign stablecoin issuers and asset custody. The GENIUS Act requires stablecoins to be fully backed by U.S. dollars or similar highly liquid assets and to undergo annual audits.
U.S. OCC Finalizes GENIUS Act Stablecoin Rules, Effective January 2027
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Summary
The U.S. Office of the Comptroller of the Currency (OCC) has finalized the GENIUS Act stablecoin rules, becoming the first U.S. regulator to implement stablecoin regulation. Effective January 18, 2027, the rules require stablecoins to be fully backed by U.S. dollars or similar assets and mandate annual audits. The framework enables both banks and non-banks to issue payment stablecoins, addresses CFT requirements, and establishes standards for foreign entities and asset custody.
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