OCC Finalizes GENIUS Act Stablecoin Rules Ahead of January Deadline
Summary
The OCC has finalized new stablecoin regulations under the GENIUS Act, establishing specific standards for issuer reserves, redemptions, and risk management. However, the agency has not yet announced when it will officially begin accepting applications from interested issuers.
The rule sets reserve, redemption and risk standards for issuers, but the OCC has yet to say when it will begin accepting applications.
Source: Read the full story at Decrypt
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