Catenaa, Friday, February 27, 2026- TruStage is launching a pilot program for a dollar-pegged stablecoin aimed at US credit unions, marking one of the sector’s largest coordinated efforts to test blockchain-based payments infrastructure.
The TruStage Stablecoin, known as TSDA, will be issued through a partnership with Block Time Financial.
An affiliate of TruStage will act as issuer and manage 1:1 cash reserves backing the token, while Block Time will handle operational support, including security protocols and digital account capabilities.
The pilot is scheduled to run through the first half of 2026, with TruStage recruiting credit unions to participate.
The company said TSDA is designed for loan funding and settlement, peer-to-peer transfers, cross-border payments and inter-credit union disbursements.
TruStage, founded in 1935, works with about 93% of US credit unions, offering insurance, retirement and investment products tailored to the sector.
Company executives said interest in stablecoin solutions has accelerated following passage of the GENIUS Act, which established federal standards for stablecoin issuers.
Lawmakers continue debating broader crypto market structure legislation, with some banking and credit union groups raising concerns that yield-bearing stablecoins could draw deposits away from traditional accounts.
Industry forecasts suggest continued expansion in the stablecoin market. Analysts at Standard Chartered have projected total market capitalization could reach $2 trillion by 2028, increasing demand for US Treasury securities that often back dollar-linked tokens.
