OCC Encourages U.S. Community Banks to Apply to Become Stablecoin Issuers Under GENIUS Act

October 27 — According to The Block, the U.S. Office of the Comptroller of the Currency (OCC) is encouraging U.S. community banks to consider applying under the GENIUS Act to become approved stablecoin issuers. The OCC's move is aimed at expanding community banks' role in digital payments.