OCC Issues Final Rule on Payment Stablecoins and Liquidity Regulations

The Bank Policy Institute's "BPInsights" for October 24, 2026, highlights the OCC's final rule implementing the GENIUS Act, which establishes a regulatory framework for payment stablecoins. The rule prohibits yield or interest on stablecoins but leaves ambiguity on case-by-case determinations for evasion. The insights also discuss restoring balance in liquidity regulations by including discount window borrowing capacity in the Liquidity Coverage Ratio (LCR) to improve financial stability and credit availability.