OCC Opens Stablecoin Issuance Path for Community Banks
By PYMNTS
AI summary of the source article
The Office of the Comptroller of the Currency detailed how community banks can issue stablecoins through subsidiaries. Small lenders can also test the technology on current payments using coins issued and redeemed by another institution.
Key facts
- The OCC established how community banks can issue stablecoins through subsidiaries.
- Small lenders can test the technology on existing payments using coins issued and redeemed by another institution.
- The guidance was included in the OCC's final GENIUS Act rule.
Source excerpt · PYMNTS
The Office of the Comptroller of the Currency set out how community banks can issue stablecoins through subsidiaries. Small lenders already have a way to test the technology on payments they make today by using coins issued and redeemed by another institution. In its final GENIUS Act rule, the OCC said none of the current […] The post OCC Opens Stablecoin Issuance Path for Community Banks appeared…