The Office of the Comptroller of the Currency finalized a rule setting requirements for payment stablecoin issuers under its oversight when the GENIUS Act takes effect on January 18, 2027. It covers reserves, redemption, risk management, custody, audits and reporting, and a capital and operational backstop. Bank Secrecy Act, anti-money laundering and sanctions requirements are excluded and will be addressed in a separate rulemaking with the Treasury Department. The OCC said it will announce separately when it will begin accepting applications and waiver requests from prospective issuers.
