BLACKROCK VS OCC: A SHOWDOWN FOR THE 20% THAT COULD SHAPE THE FUTURE OF STABLECOINS!
BlackRock just played the regulators in the U.S., the giant demands the drop of the 20% cap on tokenized reserves in federal stablecoins.
The OCC wants to limit stablecoin issuers (under the new GENIUS Act) to only 20% of their reserves in tokenized assets (like BUIDL). BlackRock calls this "arbitrary," arguing that what matters is the liquidity of the Treasury, not whether it’s on a blockchain or not.
Confirmed Data:
BUIDL on the rise: The fund already totals $2.6 billion in AUM (Assets Under Management).
Market Dependency: Over 90% of the reserves of new assets like USDtb and JupUSD come from BUIDL.
Deadline: The final rules of the GENIUS Act come into effect in January 2027.
👀 Which cryptos and protocols are directly affected?
If BlackRock wins, we’ll see an explosion in RWA; if it loses, the growth of these stablecoins could stagnate in the U.S.:
$ENA: The protocol uses the BUIDL fund to back USDtb. A 20% cap would force Ethena to seek less efficient backing or completely migrate outside U.S. jurisdiction.
$JUP: JupUSD heavily relies on this infrastructure. Maintaining the 20% cap would limit the issuance ceiling of the stablecoin within the Solana ecosystem in the U.S.
$ONDO : As a major player in Tokenized Treasury working with BlackRock, OCC regulation will dictate the market size for their yield products.
👀: 🚀
The market bets that the OCC will ease the rule. If that happens, Tokenized Treasury will become the "gold standard" for reserves, fully merging traditional finance (TradFi) with the DeFi ecosystem.
👊 Will regulation help provide security, or is the 20% cap an unnecessary "handbrake" on innovation? TELL ME IN THE COMMENTS ..👇
$ONDO #BlackRock #GeniusAct #Write2Earn #Lobofalcao #BlackRockUrgesOCCToDropTokenizedReserveCapIdea