OCC’s Final Stablecoin Rule Backs Off Yield Test, Scraps Automatic Redemption Extension
By Unchained
AI summary of the source article
The OCC issued its final rule implementing the GENIUS Act for stablecoins, removing a proposed yield presumption test and an automatic redemption extension. Effective January 18, 2027, the rule maintains a $5 million minimum capital requirement for issuers.
Why it matters
Comptroller of the Currency Jonathan V. Gould stated: "We are providing a clear, practical framework for payment stablecoin innovation, with strong standards for reserve backing, redemption, and risk management."
Key facts
- The OCC's final stablecoin rule takes effect on January 18, 2027, the same day as the GENIUS Act.
- The OCC removed a proposed rebuttable presumption that affiliate payments violate the yield ban, citing that payment stablecoins are a nascent market.
- The rule scrapped an automatic seven-day redemption extension, requiring issuers to honor redemptions in two business days and keep a $5 million minimum capital floor.
Source excerpt · Unchained
The national bank regulator's rule keeps a two-business-day redemption window, replaces an automatic seven-day extension with one issuers must request and sets a $5 million capital floor for issuers it oversees. The post OCC’s Final Stablecoin Rule Backs Off Yield Test, Scraps Automatic Redemption Extension appeared first on Unchained .