Update
OCC Finalizes Stablecoin Rule with Redefined Redemption Timing
The Office of the Comptroller of the Currency (OCC) has finalized a stablecoin rule that removes an automatic seven-day redemption extension. The new rule defines timely redemption as the point at which the issuer sends the money, and the issuer can meet the payment deadline before the outside bank makes the proceeds available. The rule, effective January 18, 2027, retains an ordinary two-business-day clock following a stablecoin redemption request, with the endpoint being fully processed payment initiation or a credit to an issuer's account if requested by the customer. The OCC's final rule also includes a provision for issuers to notify the OCC if they receive redemption requests above 10% of any brand's outstanding issuance value in a single 24-hour period, and the regulator can grant or deny such requests.