The Office of the Comptroller of the Currency (OCC) finalized rules on payment stablecoin reserves, redemptions and related custody activities to implement the GENIUS Act. Issuers must hold reserves at least equal to their outstanding stablecoins and generally process redemption requests within two business days. The rules cover national banks, federal savings associations, federal branches, nonbank firms seeking federal qualified issuer status, and state-qualified issuers under OCC authority. The OCC dropped a proposed presumption that certain affiliate arrangements violate the yield ban but kept the ban on paying holders yield solely for holding stablecoins. The rules take effect January 18, 2027, while Bank Secrecy Act, anti-money-laundering and sanctions requirements will be addressed in separate rulemaking.
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BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/20/2026 | 83,028.15 |
| Change that session | +1.33% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/20/2026 | 2,449.20 |
| Change that session | +1.71% |
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