OCC Urges Community Banks to Prepare Stablecoin Applications Under GENIUS Act

The Office of the Comptroller of the Currency is urging community banks to prepare stablecoin issuer applications ahead of a formal filing window under the GENIUS Act. Reports call the outreach an invitation, not a mandate. The law sets licensing, reserve and disclosure rules for dollar pegged tokens. No application timeline was given and no community bank has confirmed issuance plans.