OCC Final Rule Tests Stablecoin Rewards Under GENIUS Act
The OCC's first final GENIUS Act rule leaves existing stablecoin reward programs without automatic approval, requiring case-by-case regulatory review starting 18 January 2026.
The GENIUS Act bans yield paid 'solely' for holding a stablecoin, but allows rewards tied to other reasons. Who decides where that line falls, and how much certainty can an industry have when the test depends on a single word applied case by case? Could this approach invite inconsistent rulings across similar reward programs, or will it force exchanges to redefine what counts as legitimate incentive design?
https://www.bonuz.xyz/en/blog/occ-final-rule-stablecoin-rewards-genius-act
The OCC's first final GENIUS Act rule leaves existing stablecoin reward programs without automatic approval, requiring case-by-case regulatory review starting 18 January 2026.
The GENIUS Act bans yield paid 'solely' for holding a stablecoin, but allows rewards tied to other reasons. Who decides where that line falls, and how much certainty can an industry have when the test depends on a single word applied case by case? Could this approach invite inconsistent rulings across similar reward programs, or will it force exchanges to redefine what counts as legitimate incentive design?
https://www.bonuz.xyz/en/blog/occ-final-rule-stablecoin-rewards-genius-act