What's the difference between the Fed's, OCC's and FDIC's stablecoin rules?

They differ in timing (Fed proposed September 2026; OCC's framework dates to February with reporting forms added in June; FDIC's dates to April) and in specifics such as reporting cadence and, in the FDIC's case, an explicit clarification of how tokenized deposits are treated.

Are tokenized deposits the same thing as stablecoins?

No. A tokenized deposit remains legally a bank deposit — carrying FDIC insurance — if it meets the statutory definition, while a stablecoin is a distinct instrument under GENIUS Act frameworks with its own reserve and redemption rules.

Three Regulators Just Proposed Three Different Rulebooks for the Same Instrument: A Bank-Issued Stablecoin.

The Federal Reserve proposed its stablecoin issuance rule on September 24, 2026, joining the OCC's framework (February, with reporting forms added in June) and the FDIC's (April). A bank's chartering choice now determines which stablecoin rulebook it operates under, and the three differ on reserves, capital treatment and reporting cadence.

ByDrafterDaily Editorial

PublishedSeptember 25, 2026

Read6 min

CryptoFinance

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Only if it can satisfy the specific framework written by whichever regulator supervises it — the Fed, OCC or FDIC — since the three frameworks differ in reserve, capital and reporting requirements.

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