OCC Finalizes GENIUS Act Rules for Stablecoin Issuers and Custody
The OCC finalized rules covering payment stablecoin reserves, redemptions and related custody activities for entities under its jurisdiction.
The US Office of the Comptroller of the Currency finalized rules Wednesday for payment stablecoin reserves, redemptions and related custody activities, implementing the GENIUS Act for entities under its jurisdiction.The final rule states issuers must maintain reserves worth at least as much as thei…