The US Office of the Comptroller of the Currency (OCC) has released its final stablecoin rule, cutting the minimum immediately available liquidity from 10% to 5% of reserves and dropping a proposed insured-deposit requirement, drawing praise from Treasury Secretary Scott Bessent and criticism from the American Bankers Association (ABA), which warned the rule could weaken bank lending.
organisation
American Bankers Association
Trade association for the US banking industry