OCC’s stablecoin reporting proposal reaches its Aug. 11 comment deadline
The agency’s draft forms would require weekly reserve and market reports for each payment stablecoin, plus quarterly financial and operational data.
By The Third AnglePublished 4 min read
The United States Treasury Building in Washington, D.C., used as an illustration of the federal policy setting for the OCC proposal. Photo: Rchuon24 / Wikimedia Commons · CC BY-SA 3.0
The Office of the Comptroller of the Currency’s proposed stablecoin reporting forms reach their first comment deadline on Aug. 11, putting a detailed data request in front of issuers even though the underlying rule is not final. The Federal Register notice says the collection would cover permitted payment stablecoin issuers and foreign payment stablecoin issuers subject to the OCC’s jurisdiction under the GENIUS Act.
The proposal would create two reports: a confidential weekly form for each payment stablecoin and a quarterly report on financial condition and income. The OCC says the forms are intended to support supervision and transparency, but it also notes that items may change after the proposed rule and the collection complete their comment processes.
A weekly view of reserves and markets
The weekly form would map the reserve assets backing each stablecoin, including cash, Treasury securities, repurchase agreements, money-market funds and other instruments. It asks for measures such as weighted average maturity and weighted average life, and would collect information about the largest holders by wallet address, exchanges, trading volume and top counterparties.
Other proposed schedules cover issuance and redemption, secondary-market activity, reserve-asset fair value and amortized cost, deposit locations, Treasury security identifiers and custodians. The OCC is explicitly asking whether the wallet-address and market-activity requests are the right tools for monitoring stress, and whether fewer addresses or exchanges would provide enough information with less burden.
The reporting obligation is not live yet
The quarterly form would resemble a streamlined bank Call Report. Its proposed schedules include an income statement, balance sheet, off-balance-sheet items, capital and operational backstop information, reserve assets, branded stablecoins, issuance, redemption and burn data, blockchains, redemption metrics and custody activity. The OCC says it intends to publish the quarterly information to improve public visibility into issuers’ financial condition.
The notice estimates 6,308 hours of annual reporting burden: 2,864 hours for initial setup and 3,444 hours for ongoing compliance. Those figures describe the agency’s estimate, not a final cost imposed on issuers. Aug. 11 closes the first 60-day comment period; the OCC says a second 30-day notice will follow. Until the rule and forms are finalized, the proposal is a blueprint for supervision rather than an effective reporting obligation.
