U.S. banks challenge OCC's approach to stablecoin rewards
- —ABA and BPI criticized the OCC framework on October 21
- —Final version dropped a presumption against indirect rewards
- —Blockchain Association says the change matches the statute
- —Rules take effect on January 18, 2027
Why it matters: How regulators treat indirect yield will shape stablecoin competition with bank deposits and the returns available to holders.
Source: Bitcoin Insider