TruStage Unveils Stablecoin Pilot with US Credit Unions

TruStage has launched a pilot program for its dollar-pegged stablecoin, TSDA, targeting US credit unions. The company has partnered with Block Time Financial to issue the token, which will be backed by one-to-one cash reserves managed by a TruStage affiliate. The pilot aims to test the stability and functionality of blockchain-based payments infrastructure.

The GENIUS Act's regulatory framework provides a favorable backdrop for TSDA's growth, as lawmakers debate broader crypto market structure legislation. Analysts project that total stablecoin market capitalization could reach $2 trillion by 2028, driving demand for US Treasury securities.