US Treasury proposes rule on stablecoin issuance under GENIUS Act

# US Treasury proposes rule on stablecoin issuance under GENIUS Act

> Evidence tier: B1
> Evidence type: Independent payments trade report corroborated by the U.S. Treasury's primary NPRM announcement
> Source: [The Paypers](https://thepaypers.com/regulations/news/us-treasury-proposes-rule-on-stablecoin-issuance-under-genius-act)
> Published: 2026-08-19
> Captured: 2026-08-19T13:20:02.489Z

## Source summary

The Paypers reports that the U.S. Treasury issued a Notice of Proposed Rulemaking to define when a payment stablecoin is issued in the United States and when it is offered or sold to a person in the United States. Treasury's primary August 17 notice says the licensing restriction is expected to begin January 18, 2027, a broader restriction on unlicensed stablecoin offers or sales begins July 18, 2028, and comments are due within 60 days of Federal Register publication.

## Why it matters

The definitions could determine which foreign issuers and digital-asset service providers can serve U.S. users and therefore shape regulated dollar-stablecoin access for international settlement. This is a proposal, not a final rule or legal determination. Definitions, effective implementation and compliance obligations may change after comments; the item does not establish a new live corridor, transaction volume or settlement outcome.

## Key numbers

- **Expected licensing restriction date:** January 18, 2027
- **Broader offer-or-sale restriction date:** July 18, 2028
- **Public comment period:** 60 days after Federal Register publication

## Topics and entities

- Industry lane: Web3 & stablecoin payments
- Entities: U.S. Department of the Treasury
- Web3 payments
- Cross-border payments
- Payment infrastructure

## Evidence and credibility note

Independent The Paypers report corroborated by the U.S. Treasury's primary August 17 NPRM announcement. The definitions and dates describe a proposal and expected statutory timetable; final requirements remain subject to rulemaking and implementation.

Date evidence: Automatically verified from JSON-LD datePublished: 2026-08-19T09:54:52+00:00

## First-party corroboration

- [https://home.treasury.gov/news/press-releases/sb0605](/en/items/https://home.treasury.gov/news/press-releases/sb0605)

## Original-source traceback

[Open the original The Paypers report](https://thepaypers.com/regulations/news/us-treasury-proposes-rule-on-stablecoin-issuance-under-genius-act)

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