OCC’s final rule to start fresh in weighing stablecoin rewards against GENIUS Act ban

The U.S. Office of the Comptroller of the Currency has finalized its rule implementing the GENIUS Act, becoming the first federal agency to complete regulations under the stablecoin law. The rule sets out how the OCC will evaluate stablecoin reward programs against the act's ban on paying interest or yield on stablecoins. Traders should watch how strictly the OCC interprets the rewards ban, since it could reshape the economics of stablecoin issuers and the platforms that distribute them.