OCC Proposes Stablecoin Redemption Rules to Manage Reserve Liquidation
The Office of the Comptroller of the Currency (OCC) has proposed a framework for stablecoin redemption to ensure orderly reserve liquidation. The rule would set a standard two-business-day redemption window, which could automatically extend to seven calendar days if redemption requests exceed 10% of outstanding issuance within 24 hours. The proposal aims to prevent price disruption during sudden sales while allowing secondary-market trading to continue. As of September 13, the measure remained on the OCC's proposed-issuance list.
Summaries are written by AI from the original article. Not investment advice.