OCC finalizes stablecoin rule easing reserve liquidity requirements

The OCC released a 721-page final rule for stablecoin issuers, cutting the minimum immediately available liquidity from 10% to 5% of reserves and removing a proposed $500 million insured-deposit allocation cap for issuers with at least $25 billion outstanding. Treasury Secretary Scott Bessent compared the GENIUS Act to the National Currency Act of 1863, while the American Bankers Association (ABA) warned the rule could invite deposit flight and weaken bank lending.