OCC finalizes first GENIUS Act rule on stablecoin rewards
- —OCC is the first federal agency to finalize a GENIUS Act rule
- —The rule covers how stablecoin rewards are weighed
- —It accounts for the GENIUS Act ban on certain rewards
- —More rules from other federal agencies are expected
Why it matters: The rule sets the U.S. framework for stablecoin yield and will guide other regulators as they write their own rules.
Source: CoinDesk