OCC Details GENIUS Act Plan to Rein in $318B U.S. Stablecoin Market With Bank-Like Rules

On 25 February 2026, the U.S. Office of the Comptroller of the Currency outlined how it intends to enforce the Guiding and Establishing National Innovation for U.S. Stablecoins Act, including strict limits on branded and white-label tokens. Under the proposal, permitted issuers would be capped at a single stablecoin brand, barred from offering yield, required to hold fully liquid 1:1 reserves and meet capital and reporting standards as the roughly $318 billion market shifts toward more heavily regulated players. The framework also opens a 60-day comment period ahead of rules that could become effective before January 2027.