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 .
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Nubank plans stablecoin integration for credit card transactions
Nubank Vice-Chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America. Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments.The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system. According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with banking services.Read more
