TruStage launches USD stablecoin pilot program for credit unions

PANews reported on February 25th that, according to The Block , fintech and insurance company TruStage is partnering with blockchain company Block Time Financial to issue the USD stablecoin TruStage Stablecoin ( TSDA ). TruStage affiliates will act as the issuer and hold cash reserves on a 1:1 basis. TruStage claims its services cover approximately 93% of credit unions in the US. This stablecoin will primarily be used for loan disbursement and settlement, peer-to-peer transfers, cross-border payments, and inter-institutional clearing and disbursement. The project is currently recruiting credit unions for a pilot program, which will run until the first half of 2026. Positioned as a "collaborative stablecoin" model, it aims to explore the application of stablecoins within traditional financial institutions under existing regulatory frameworks, including the GENIUS Act .