• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

OCC sets January 18, 2027 deadline for stablecoin issuers to comply with the GENIUS Act

FinanceInternationalCointribune35 s readAI summary
Image: Cointribune

The Office of the Comptroller of the Currency (OCC) published the final implementing rule for the GENIUS Act. Stablecoin issuers must obtain permitted issuer status before January 18, 2027; those that fail to comply or cannot guarantee 100% backing will not be able to issue or circulate in the U.S. market. Reserves must be backed by real bank liquidity or short-term U.S. Treasury bonds, and in the event of bankruptcy, compensation to token holders will be prioritized.

In 35 seconds

  • The OCC published the final GENIUS Act rule with a January 18, 2027 deadline.
  • Issuers must be a 'Permitted Payment Stablecoin Issuer' to operate in the United States.
  • Each digital dollar must be 100% backed by real bank liquidity or short-term Treasury bonds.
Read the full story at Cointribune

IASummary generated by artificial intelligence from a story by Cointribune. It may contain errors: the original source prevails.

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