OCC urges US community banks to become stablecoin issuers before January 2027 deadline

The banking regulator wants smaller lenders in the stablecoin game, while community bank advocates warn of an $850 billion lending hit The Office of the Comptroller of the Currency wants America’s community banks to stop watching the stablecoin market from the sidelines. The regulator is urging them to apply as payment stablecoin issuers before the January 18, 2027 compliance deadline. The push comes under the GENIUS Act, the federal law that creates a licensing regime for payment stablecoin issuers. Once the law takes effect on January 18, 2027, issuers will need prior approval from the OCC.

Also reported by The Defiant.

Source: Crypto Briefing