Treasury lets states file for stablecoin approval before finishing their rules

• —Rule took effect Sept. 30, but filings begin only after Paperwork Reduction Act approval
• —Conditional filing does not start the committee's 30-day approval-or-denial clock
• —Flexibility applies to state-qualified issuers with up to $10 billion in outstanding stablecoins
• —Initial certification deadline is Jan. 18, 2028; comments due Nov. 30