RegulationREFERENCE · official regulator documents · as of 2026-11-11
Stablecoins: a guide for banks
Official documents banks look at before holding, custodying, using or issuing stablecoins, or running a node. Each entry links to the regulator’s own page. Informational only; not legal advice.
By jurisdiction
United States
- OCC Interpretive Letter 1183 · 7 Mar 2025
Confirms national banks may provide crypto-asset custody, hold stablecoin reserves, take part in independent node verification networks and related activities; rescinds the prior supervisory non-objection process (IL 1179).
- OCC Interpretive Letter 1184 · 7 May 2025
Confirms banks may buy and sell crypto-assets held in custody at the customer’s direction and may outsource custody and execution to third parties.
- FDIC FIL-7-2025 · 28 Mar 2025
FDIC-supervised institutions may engage in permissible crypto-related activities without prior FDIC notification; replaces FIL-16-2022.
- Federal Reserve press release · 24 Apr 2025
Withdraws guidance on crypto-asset and dollar-token activities for state member banks; joint statements with the FDIC and OCC withdrawn.
- OCC Bulletin 2026-50 — GENIUS Act final rule · 21 Oct 2026
Final rule for payment stablecoin issuers under OCC jurisdiction; effective 18 Jan 2027.
Basel Committee (BCBS)
- SCO60 — Cryptoasset exposures · in force 1 Jan 2026
Prudential standard for banks’ cryptoasset exposures, including classification conditions for stablecoins (version published 27 Nov 2024).
- BCBS meeting press release · 1 Oct 2026
Committee meeting release on supervisory and regulatory initiatives and risks discussed.
European Union
- CRR3 — Article 501d · Regulation (EU) 2024/1623
Transitional prudential treatment of crypto-asset exposures for EU credit institutions.
- EBA draft technical standards · EBA press release
Draft standards on the prudential treatment of crypto-asset exposures under the Capital Requirements Regulation.
- MiCA — Article 60 · Regulation (EU) 2023/1114
Credit institutions may provide crypto-asset services after notifying their competent authority.
United Kingdom
- FCA cryptoasset regime — policy statements · FCA
Rules for the UK cryptoasset regime, including stablecoin issuance and custody.
- PRA Dear CEO letter · 18 May 2026
PRA letter on tokenised assets, stablecoins and other cryptoasset exposures of banks.
Singapore
- MAS consultation — prudential treatment of cryptoassets · 2025
Consultation on banks’ prudential treatment of cryptoasset exposures and AT1/T2 capital instrument requirements.
United Arab Emirates
- CBUAE Payment Token Services Regulation · CBUAE Rulebook
Licensing and conduct rules for payment token issuance, conversion and custody onshore.
- ADGM FSRA — Fiat-Referenced Token framework · FSRA announcement
Framework for regulated activities involving fiat-referenced tokens in ADGM.
- DFSA — RLUSD recognised · 3 Jun 2025
DFSA notice recognising Ripple USD (RLUSD) as a crypto token for use in the DIFC.
By scenario
Which of the documents above relate to each activity.
Holding stablecoins on the bank’s own balance sheet
- SCO60 — Cryptoasset exposures ↗ · in force 1 Jan 2026
- CRR3 — Article 501d ↗ · Regulation (EU) 2024/1623
- EBA draft technical standards ↗ · EBA press release
- PRA Dear CEO letter ↗ · 18 May 2026
- MAS consultation — prudential treatment of cryptoassets ↗ · 2025
Custody for clients
- OCC Interpretive Letter 1183 ↗ · 7 Mar 2025
- OCC Interpretive Letter 1184 ↗ · 7 May 2025
- FDIC FIL-7-2025 ↗ · 28 Mar 2025
- Federal Reserve press release ↗ United States · 24 Apr 2025
- MiCA — Article 60 ↗ · Regulation (EU) 2023/1114
- FCA cryptoasset regime — policy statements ↗ · FCA
Using RLUSD (settlement, treasury, payments)
- DFSA — RLUSD recognised ↗ · 3 Jun 2025
- ADGM FSRA — Fiat-Referenced Token framework ↗ · FSRA announcement
- OCC Bulletin 2026-50 — GENIUS Act final rule ↗ United States · 21 Oct 2026
Issuing a payment stablecoin
- OCC Bulletin 2026-50 — GENIUS Act final rule ↗ United States · 21 Oct 2026
- CBUAE Payment Token Services Regulation ↗ · CBUAE Rulebook
- FCA cryptoasset regime — policy statements ↗ · FCA
- ADGM FSRA — Fiat-Referenced Token framework ↗ · FSRA announcement
Running a node (validator / verification network)
- OCC Interpretive Letter 1183 ↗ · 7 Mar 2025
Ripple and RLUSD for banks
Regulator-confirmed items carry the blue seal; company statements are marked per company.
- Ripple National Trust Bank — OCC national trust bank charter #25364OCC CAS: Consummated / Effective 26 Oct 2026 (conditional approval 12 Dec 2025, CA 1359) · OCC CAS ↗ · CA 1359 (PDF) ↗
- On the NYDFS Greenlist — RLUSD approved for issuance by Standard Custody & Trust Company, LLC (NYDFS limited purpose trust company)NYDFS (New York) · Dec 2024
- Recognised Crypto Token — Ripple (RLUSD)DFSA (DIFC, UAE) · 3 Jun 2025
- Accepted Fiat-Referenced Token (Ethereum & XRP Ledger) — FSRA list of accepted FRTsFSRA (ADGM, UAE) · 1 Sep 2026
- Moody’s A2 / P-1 (RLUSD)27 Oct 2026 · Moody’s rating action ↗ · Credit rating is an independent opinion on credit risk, not a regulatory approval or peg guarantee.
How to contact Ripple
Per company — links to Ripple’s own pages.
Informational only; not legal, investment or compliance advice. Check each document for scope and conditions.