OCC Finalizes GENIUS Act Stablecoin Rules Ahead of January Deadline

The rule sets reserve, redemption and risk standards for issuers, but the OCC has yet to say when it will begin accepting applications.

Summary generated by IndiCrypto from Decrypt. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.

More in Web3

Web3

Malaysia, Thailand join Singapore’s cross-border stablecoin push

BLOOM seeks to cut costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits.

COCoinTelegraph·40 mins ago

Web3

Bitcoin ETFs bleed $635M as October slides back into the red

Thursday’s withdrawals ended a three-day inflow streak and left US spot Bitcoin ETFs with $175 million in net outflows for October.

COCoinTelegraph·46 mins ago

Web3

Polymarket has reportedly fired its marketing chief, also a close friend of the CEO

Matthew Modabber was reportedly ousted after an internal probe of several instances of misconduct, according to the New York Post.

COCoinDesk·2 hrs ago