The US Office of the Comptroller of the Currency has issued a final rule implementing key portions of the GENIUS Act for payment-stablecoin issuers under its jurisdiction. It takes effect on January 18, 2027, and addresses reserve backing, redemption obligations and risk management. Bank Secrecy Act, anti-money-laundering and sanctions requirements remain subject to a separate Treasury-coordinated rulemaking process. The OCC will separately announce when applications and waivers can be processed, so the rule’s entry into force does not mean that every prospective issuer is already authorized.
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