The Office of the Comptroller of the Currency published its final rule implementing the GENIUS Act, which takes effect on January 18, 2027, without the presumption of violation targeting indirect yield payments to stablecoin holders. Banks estimate that this gap could trigger the migration of $6.6 trillion in deposits to stablecoins, while the Community Bankers Association forecasts a decline of at least $850 billion in lending. Pending further regulation, PayPal continues to offer 4% on PYUSD, Coinbase One 3.75% on USDC, and Kraken+ up to 4.5% on USDG. Circle and Coinbase gained approximately 6% and more than 4%, respectively, on the stock market, but the banking sector plans to maintain pressure on regulators and courts.
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