OCC waiver rule puts active stablecoin issuers on notice
The OCC's new waiver rule means existing US stablecoin issuers awaiting approval will need discretionary relief to keep issuing after January 18, 2027, and simply filing an application will not be enough. The rule puts active issuers on notice that regulatory permission is not guaranteed, raising compliance and continuity risk for dollar-backed token operations. Traders should watch which issuers secure waivers, since any that fail could face disruption to their stablecoin supply and liquidity.