Update
OCC Finalizes Stablecoin Rule with Lower Liquidity Requirements
The Office of the Comptroller of the Currency (OCC) has finalized a stablecoin rule that reduces the minimum immediate-liquidity floor from 10% to 5%, down from the proposed 10%. The rule also removes a proposed insured-deposit requirement for large issuers and takes effect on January 18, 2027. Treasury Secretary Scott Bessent compared the final rule to the National Currency Act of 1863, which standardized money issued by national banks. The American Bankers Association (ABA) responded, criticizing the rule for potentially weakening bank lending and inviting deposit flight.