According to Cointelegraph, the U.S. Office of the Comptroller of the Currency (OCC) has instructed community banks to serve as issuers of payment stablecoins following the regulator’s finalization of its rules for the GENIUS Act, a stablecoin legislation scheduled to take effect in January.
The directive comes after the OCC completed its rulemaking process for the law, which establishes regulatory framework for payment stablecoins issued by depository institutions, including community banks. The announcement emphasizes that community banks are now positioned to fulfill issuer roles under the finalized standards.
No details were provided regarding operational requirements, technical specifications, compliance thresholds, or timelines beyond the January implementation date. The GENIUS Act remains the named legislative instrument referenced by the OCC in this context.
