ABA Warns OCC Stablecoin Yield Rules Could Create Loopholes

Community Trust Score Verified 82 % Real Verified 11 votes Updated 31 seconds ago The American Bankers Association didn’t mince words. In a Wednesday notice, the group came after the OCC’s final rules on payment stablecoin issuance and custody — specifically the regulator’s call to drop a presumption against certain third-party yield arrangements. Why it matters: The dispute highlights an early fault line in how the GENIUS Act will be interpreted and enforced, with banks pressing regulators to keep stablecoins from evolving into a backdoor for yield-bearing products.

Source: The Currency Analytics