The OCC published its final regulations implementing the GENIUS Act on October 21, with an effective date of January 18, 2027. The rules impose federal requirements on payment stablecoin issuers under the agency’s jurisdiction, covering reserves, redemptions, custody, audits, risk management, applications and supervisory obligations. They apply to bank-related issuers, federally qualified and certain state-qualified issuers, as well as qualifying foreign issuers, and do not mean that every stablecoin in circulation has obtained federal approval. Bank Secrecy Act, anti-money-laundering and sanctions requirements will be addressed through separate rulemaking with the Treasury, meaning substantial compliance work remains.
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