TruStage Partners with Block Time to Launch TSDA Stablecoin

The financial sector is witnessing a significant shift towards institutional adoption of digital currencies, and the latest development in this space comes from US-based financial giant TruStage.

In partnership with blockchain firm Block Time Financial, TruStage plans to launch the TSDA stablecoin, which will be fully backed by 1:1 cash reserves held by a TruStage affiliate. This move is expected to bring digital assets into mainstream consumer channels through credit unions and insurance ecosystems.

The collaboration highlights the growing trend of traditional finance embracing blockchain technology for settlement and custody purposes. The partnership between established financial institutions and tech-native firms is becoming increasingly common in the crypto space.