OCC’s Guidelines Go away Door Open to Stablecoin Yield

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The Workplace of the Comptroller of the Foreign money (OCC) issued tips for implementing the GENIUS Act yesterday, however left unresolved a contentious query—whether or not third-party platforms will pay curiosity on stablecoin holdings. The choice has drawn criticism from some who say it sidesteps the intent of the regulation.

The regulation prohibits stablecoin issuers from paying curiosity on to holders. However the…

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Classes: Analysts Protection,Digital Property & Crypto,ABA,Circle,Coinbase,GENIUS Act,OCC,Stablecoin

Tags: ABA,Circle,Coinbase,GENIUS Act,OCC,Stablecoin

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