By PYMNTS | February 19, 2026 | Highlights National bank charters are becoming tools for stablecoin issuance, digital asset custody and standing out in a crowded market. The GENIUS Act requires larger stablecoin issuers to operate under OCC-licensed entities and prohibits passing reserve yields to consumers, raising unresolved questions about workarounds and deposit substitution. Wyoming, Nebraska, New York and California are each taking different approaches to digital asset regulation.