The OCC will publish final payment stablecoin rules in November, Gould said at the Wyoming Blockchain Symposium, clearing the way for applications in 2027.
The Office of the Comptroller of the Currency committed to publishing final payment stablecoin rules in November, after missing an interim target set for July. Jonathan Gould, head of the OCC, announced the timeline at the Wyoming Blockchain Symposium in Jackson.
“We are very focused on moving fast and publishing a final rule in November so we can start processing applications in the new year,” Gould said.
The GENIUS Act, signed into law by President Donald Trump in July 2025, takes effect in January 2027. Under that framework, only licensed issuers will be allowed to offer payment stablecoins to U.S. customers. The Treasury proposed separate rules that would ban platforms from selling non-compliant stablecoins to users in the United States once the law is in force.
The OCC’s proposal, published in February and open for comment until May, runs 376 pages. It covers the lifecycle of a payment stablecoin: asset reserves, par redemption, liquidity, risk management, audits, custody, oversight and wind-down procedures in the event of issuer insolvency. Anti-money laundering and sanctions requirements were carved out into a separate regulation coordinated with the Treasury.
Gould also said federal authorization of digital assets grew eightfold compared to the prior administration, which he criticized as shortsighted. The OCC expects to begin processing issuer applications in 2027 but did not specify a date within November for the final rule.
The compliance framework echoes ongoing efforts in the private sector, such as Mastercard's pilot of single-audit stablecoin compliance with Borderless.xyz.
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