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OCC urges community banks to take part in US payment stablecoin issuance
The Office of the Comptroller of the Currency has encouraged community banks to enter the stablecoin payments business. The call follows the regulator's finalisation of its rules under the GENIUS Act.
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The OCC, the US federal banking regulator, publicly invited smaller community banks to become issuers of payment stablecoins and to compete in this segment of the payments market.
According to Cointelegraph, the announcement came after the agency completed its rules implementing the GENIUS Act, the federal stablecoin law due to take effect in January. The sources give no further details on specific requirements or timelines for banks.
The move signals that US regulators want regulated depository institutions, not only crypto-native firms, to participate in dollar-denominated stablecoins. If community banks respond, competition among issuers could grow, though the scale and speed of any uptake remain uncertain.
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CoinDesk
Großes Medium · EN · veröffentlicht 26. Okt., 15:45
Cointelegraph
Fachmedien · EN · veröffentlicht 26. Okt., 21:38
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Schlagwörter: #OCC#Stablecoins#GENIUS Act#Community banks#USA