BPI Seeks Clearer OCC Disclosure on Stablecoin Reward Reviews

The Bank Policy Institute (BPI) is urging the Office of the Comptroller of the Currency (OCC) to explain how it will review stablecoin rewards, saying the final rule leaves decisions and disclosure unclear. “The permissibility of yield arrangements should be clearly defined, not determined by opaque interpretation,” said Paige Pidano Paridon, BPI’s executive vice president and co-head of regulatory affairs. The OCC removed a proposed presumption that certain arrangements between issuers and affiliates or related third parties violated the yield prohibition. The agency will instead assess arrangements based on their facts and circumstances. The rule does not list which arrangements are permitted or prohibited, and the OCC retains authority to address evasion.

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