The Office of the Comptroller of the Currency (OCC), a US banking regulator, has asked community banks to start issuing payment stablecoins. The request is part of the OCC's rules for the GENIUS Act, a US stablecoin law. Cointelegraph reported it on Oct 26, 2026, in a story by Turner Wright.
The request came after the OCC finished its rules for the GENIUS Act. The law is set to be implemented in January. The full name of the act is the Guiding and Establishing National Innovation for US Stablecoins Act.
The report does not say which community banks are involved or how many might take part. It also does not say whether any bank has agreed to issue a stablecoin. It gives no details on how the rules will apply to individual banks.
Nothing changes directly for anyone who already holds a perpetual position on Bitget, Bybit, MEXC or OKX. The report does not mention any of these exchanges, any existing stablecoin, or any change to funding rates, trading fees or liquidity. Any effect on the stablecoins used as margin is not yet known. The report gives no timeline for that beyond the law's January start.
Source: cointelegraph — US OCC calls on community banks to become payment stablecoin issuers