OCC drops automatic seven-day stablecoin redemption extension, retains two-business-day limit

The Office of the Comptroller of the Currency (OCC) has finalized its GENIUS Act rule, issued October 21 and effective January 18, 2027, which retains an ordinary two-business-day ceiling for stablecoin redemptions. The adopted text removed a provision that would have automatically extended redemptions to seven calendar days when demand exceeded 10% of a stablecoin brand's outstanding issuance in a 24-hour period. Instead, crossing that threshold now triggers a supervisory process where the issuer must notify its OCC supervisory office within 24 hours, and the regulator may grant or deny an extension. The rule defines the redemption endpoint as fully processed payment initiation or a credit to an issuer-held account, excluding external bank receipt timing.