Financial institutions should consider preparing now to integrate payment stablecoins into their product or service offerings following the passage of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). Effective no later than January 2027, the law creates license pathways for permitted payment stablecoin issuers and provides a framework for financial institutions to offer stablecoins as a digital payment option to their customers.
While the act is not yet effective, financial institutions should consider the time and investment it may take to define a strategy, establish governance, implement controls, and onboard vendors. Download the PDF for a look at potential pathways that your institution can take.
If you have any questions or need assistance, please reach out to a professional at Forvis Mazars.