NYSE Highlights OCC's Final Rule for Payment Stablecoin Issuers

The New York Stock Exchange has drawn attention to the Office of the Comptroller of the Currency's (OCC) final rule for payment stablecoins, putting federal requirements in focus as issuer approval requirements approach. The rule addresses what issuers must do with reserves, how redemptions are handled and obligations tied to related services. Its reach includes national banks and federal savings associations, along with federal branches of foreign banks. Nonbank firms seeking federal approval and certain foreign payment stablecoin issuers also fall within the framework. The GENIUS Act became law in 2025 and established a federal framework for payment stablecoins. U.S.