Fintech and Insurance Giant TruStage Pilots Stablecoin for Credit Unions

BlockBeats News, February 25, Financial technology company TruStage, in partnership with approximately 93% of U.S. credit unions, announced the launch of the USD-backed stablecoin TruStage Stablecoin. The stablecoin will be issued through a collaboration with blockchain technology company Block Time Financial.

A TruStage subsidiary will act as the issuer and manage the token's 1:1 cash reserves, while Block Time will provide operational support, including security protocols and digital account capabilities.

TruStage is recruiting credit unions to participate in its pilot program, which is set to run in the first half of 2026. The company anticipates that TSDA will be used for loan financing and settlement, peer-to-peer transactions, cross-border payments, and settlement and payments among credit unions.