On October 21, 2026, the OCC announced a final rule to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The final rule establishes requirements for permitted payment stablecoin issuers and foreign payment stablecoin issuers under the OCC’s jurisdiction, as well as certain custody activities conducted by OCC-supervised entities.
Comptroller of the Currency Jonathan V. Gould said the following in a statement:
“Today’s final rule advances President Trump and Secretary Bessent’s vision for American leadership in digital assets. We are providing a clear, practical framework for payment stablecoin innovation, with strong standards for reserve backing, redemption, and risk management. The OCC is drawing on its longstanding supervisory expertise to support responsible growth and innovation for this new industry.”
According to the OCC’s press release, the final rule addresses all of the regulations the OCC is required to promulgate under the GENIUS Act other than those related to the BSA, anti-money laundering, and OFAC sanctions, which will be addressed in a separate rulemaking in coordination with the Department of Treasury.
The OCC said that it will announce when it will begin accepting and processing applications and waiver requests from prospective permitted payment stablecoin issuers.
Read the OCC’s press release here.
The final rule can be found here.