OCC’s Final Stablecoin Rule Backs Off Yield Test, Scraps Automatic Redemption Extension

The OCC's final stablecoin rule keeps a two-business-day redemption window, replaces an automatic seven-day extension with one issuers must request, and sets a $5 million capital floor for issuers it oversees. The rule backs off a yield test, easing compliance for stablecoin issuers.