OCC drops affiliate rewards presumption but keeps stablecoin yield ban
- —OCC dropped the proposed presumption against rewards via affiliates and third parties
- —Statutory ban on issuer yield for holding a stablecoin remains in place
- —Rule takes effect Jan. 18, 2027
- —OCC rejected a de minimis safe harbor and issued no list of approved structures
Why it matters: The legality of exchange-run stablecoin rewards stays unsettled, with the OCC reviewing each arrangement on its facts rather than against a fixed list.
Source: CryptoSlate