Regulation· ★★★★★· bullish·

OCC finalises first GENIUS Act stablecoin rules as JPMorgan and HSBC go onchain

  • —OCC's GENIUS Act stablecoin rules take effect on 18 January 2027
  • —JPMorgan brought its JPM Coin deposit token to Ethereum mainnet on 19 October
  • —HSBC launched RedCoin for 3.3 million PayMe users and 100,000 merchants
  • —Standard Chartered agreed on 21 October to buy custodian Zodia Custody
Why it matters: The largest banks are entering stablecoins under a finished US rulebook, intensifying competition with USDT and USDC.
#BTC#ETH#SOL
Source: Bitcoin Insider
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