TruStage Launches Dollar-Pegged Stablecoin for U.S. Credit Unions

TruStage, a leading provider of financial technology solutions for U.S. credit unions, has announced the launch of a dollar-pegged stablecoin called TSDA. In partnership with blockchain infrastructure provider Block Time Financial, TruStage will issue TSDA, which will be backed by 1:1 cash reserves managed by a TruStage affiliate.

The new stablecoin is designed to operate under a collaborative model, where Block Time will provide operational support, including security protocols and digital account capabilities. TruStage's affiliate will serve as the issuer and custodian of reserves.

TSDA is expected to support various financial workflows, including loan funding, settlement, and peer-to-peer transfers. The stablecoin's structure relies on fully reserved cash backing, aligning with current federal policy expectations that emphasize transparency and asset-backed issuance.