US banking regulator wants banks to issue stablecoins

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https://cryptoast.fr/occ-banques-communautaires-emite-stablecoins-genius-act/

The Office of the Comptroller of the Currency (OCC), the American federal banking regulator, on Monday invited community banks to begin issuing stablecoins, these tokens indexed to the dollar.

In a message published on X, the US Treasury agency encourages these small regional establishments to request, directly or via a subsidiary, federal authorization to issue payment stablecoins.

The OCC wants community banks to help shape the future of payments and is encouraging the development of payment stablecoin capabilities within the community banking sector. Interested community banks are encouraged to consider applying to become, or for a subsidiary to become, a… pic.twitter.com/qf1TCaLkNm

This initiative is part of the GENIUS Act, the law on stablecoins promulgated by Donald Trump on July 18, 2025. It is also part of the “Community Bank Comeback” program, intended to ease regulatory constraints on small American banks and strengthen their competitiveness.

The objective is in particular to allow these establishments to participate in the development of digital payments, a market largely dominated by crypto companies.

For the moment, however, interested banks cannot yet submit their application. The OCC is awaiting the green light from the Office of Management and Budget (OMB), an organization attached to the White House responsible in particular for validating federal administrative forms.

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In a bulletin published on October 21, the regulator specified the terms of application of the GENIUS Act, the new rules of which will come into force on January 18, 2027.

Issuers of stablecoins already active in the United States will be able to request a temporary exemption to continue their activities while their application is examined, provided they have submitted a sufficiently complete file before this deadline.

This invitation paradoxically comes in a context of tensions between the OCC and small American banks. The Independent Community Bankers of America (ICBA), which represents these establishments, filed a complaint against the regulator at the beginning of October.

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The organization accuses it of having exceeded its powers by facilitating the granting of banking licenses to crypto companies, without imposing on them the same obligations as traditional banks.

Machine-translated from French