OCC finalizes GENIUS Act stablecoin regulatory rules, leaving room for third-party platform reward arrangements
OCC Leaves Stablecoin Rewards Door Open as Banks Defend Deposits
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OCC finalized stablecoin issuance regulations under the GENIUS Act on October 21, covering backing assets, redemption, custody, and risk management, with the rules taking effect on January 18, 2027. The rules prohibit issuers from paying interest or returns solely because users hold, use, or retain stablecoins, but do not broadly prohibit related arrangements by third-party platforms; specific programs will still require case-by-case review.
The article outlines the boundaries the OCC rules set for stablecoin rewards and explains why third-party arrangements still require case-by-case review, helping readers understand the implications for competition with bank deposits and consumer protection.
Source:PYMNTS · pymnts.com