OCC finalizes stablecoin rule with narrow payment-of-interest prohibition
The OCC has finalized a rule enforcing the Genius Act, which prohibits stablecoin issuers from offering interest or yield. The final rule is narrower than initially proposed, as the agency seeks more experience before implementing stricter prohibitions.
Why it matters
This regulation shapes the emerging stablecoin market and defines the boundaries between traditional banking and decentralized finance.
The Office of the Comptroller of the Currency today <a href="https://www.occ.gov/news-issuances/bulletins/2026/bulletin-2026-50.html">finalized a rule</a> to enforce the Genius Act with a narrower prohibition on payment-of-interest than the agency originally proposed, although it expects to issue future rulemaking on the subject.
The Genius Act passed last year by Congress created a regulatory framework for payment stablecoins, including a prohibition that prevents issuers from offering yield or interest for stablecoins. The banking agencies have proposed regulations to implement the law, with the OCC the primary regulator of nonbank stablecoin issuers.
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