The U.S. Treasury published a rule on September 30 allowing states to file conditional or incomplete stablecoin certifications to meet initial filing deadlines. States can preserve their path toward stablecoin regime approval despite unfinished rules. Incomplete filings do not trigger the 30-day decision clock, which only starts after a complete and unconditional submission. This flexibility applies to state-qualified payment stablecoin issuers with a maximum of $10 billion in consolidated outstanding issuance. The deadline for initial certifications is set for January 18, 2028, and comments on the interim procedures are due by November 30.
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