OCC

Stablecoin adoption is moving deeper into everyday payments, raising pressure on Washington to clarify which regulated institutions can directly use Federal Reserve payment rails. The debate centers on whether federally chartered digital asset banks should receive the same infrastructure access as other supervised national banks.

Several major U.S. agencies are advancing a proposed rule to define how stablecoin issuers verify customers under the GENIUS Act. The measure would align stablecoin compliance standards more closely with traditional banking rules.