🚨 Breaking:
#USOCCIssuesNewStablecoinRules 🚨
The U.S. Office of the Comptroller of the Currency (OCC) has released its new proposed rules for stablecoins under the GENIUS Act, setting the stage for the first federal regulatory framework for payment stablecoins in the U.S.
Here’s what you need to know:
✅ Who It Applies To: Only authorized stablecoin issuers (banks and approved entities) can legally issue stablecoins in the U.S. Offshore or unlicensed issuers are restricted.
💰 Reserve & Capital Requirements: Stablecoins must be fully backed 1:1 with cash or high-quality liquid assets. Issuers