COINDESK · 2026-10-26 15:53 UTC

OCC calls on community banks to enter the stablecoin payments market

The OCC is encouraging community banks to enter the stablecoin market and apply to become permitted issuers of dollar-pegged tokens under the GENIUS Act. Stablecoin issuers must comply with newly finalized GENIUS Act regulations starting January 18, 2027, with existing issuers able to request temporary waivers if they submit applications by that date. The move aims to prevent large banks and crypto companies from dominating stablecoin payments, though the OCC faces criticism from banking groups concerned about interest-bearing tokens drawing deposits away from traditional banks.

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