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BTCC / BTCC Square / Global Cryptocurrency /
BlackRock Challenges OCC’s 20% Reserve Cap for Stablecoin Issuers

BlackRock Challenges OCC’s 20% Reserve Cap for Stablecoin Issuers

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2026-05-03 09:05:01
0
BTCCSquare news:

BlackRock has formally opposed the Office of the Comptroller of the Currency’s proposed 20% cap on tokenized reserves for stablecoin issuers under the GENIUS Act. In a 17-page comment letter, the asset management giant argued the restriction would stifle innovation, particularly for its $2.6 billion BUIDL fund, which backs 90% of shares in Jupiter’s JupUSD and Ethena’s USDtb.

The firm advocates for a principles-based diversification framework instead of rigid limits, emphasizing that reserve asset risks should be assessed by liquidity, duration, and creditworthiness—not arbitrary thresholds. BlackRock’s dominance in tokenized Treasuries positions this debate as critical for the future scalability of federal stablecoins.

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