Stablecore Launches Stablecoin Pilot For US Credit Unions With $25B In Assets

Stablecore launched an early-access program for US credit unions to test stablecoin payments and other digital asset services, with the initiative announced on Wednesday in collaboration with Circuit and Curql.

“Credit unions managing $25B in assets join stablecoin infrastructure program A new pilot from Stablecore, Circuit and Curql gives participating US credit unions access to test stablecoin payments and other digital asset services”

Cointelegraph

The program lets participating credit unions evaluate stablecoin and digital asset services including stablecoin payments, tokenized deposits, Bitcoin (BTC), crypto on- and off-ramps and staking capabilities before deciding whether to integrate them into existing banking platforms.

Cointelegraph

Stablecore said the pilot is designed to help smaller lenders evaluate stablecoins and other blockchain-based financial services before broader adoption, and it builds on Stablecore’s effort to deliver stablecoin and tokenized-asset services through core banking systems.

The pilot is tied to Stablecore’s earlier move in February to join the Jack Henry Fintech Integration Network, which the coverage says is operated by Jack Henry and gives Stablecore access to approximately 1,670 bank and credit union core clients.

In a separate account, Crypto Briefing said the pilot went live on June 24 and includes RBFCU, Stanford FCU, and La Capitol FCU, with the three institutions overseeing roughly $25B in assets.

Crypto Briefing described the pilot as built around 1:1 cash-backed stablecoins, meaning every digital dollar is supposedly matched by an actual dollar sitting in reserve.

The same coverage said the pilot covers three main service areas: stablecoin payments, tokenized deposits, and digital asset accounts, and it positioned the effort as an educational exercise with compliance assistance and structured guidance.

Crypto Briefing

Cointelegraph said the early-access program allows credit unions to test stablecoin and digital asset services including stablecoin payments, tokenized deposits, Bitcoin (BTC), crypto on- and off-ramps and staking capabilities.

Cointelegraph also reported that with the latest program, credit unions managing roughly $25 billion in combined assets will be able to explore stablecoin and digital asset services.

Crypto Briefing added that Stablecore said the pilot is for 2026 use cases including lending, settlements, and remittances.

The pilot arrives as the National Credit Union Administration (NCUA) proposed a licensing framework for payment stablecoin issuers operating through credit union subsidiaries, with the proposal saying any payment stablecoin issuer operating through a subsidiary of a federally insured credit union would be required to obtain an NCUA license before issuing stablecoins.

“Stablecore, a digital asset infrastructure provider for financial institutions, has launched an early-access program for US credit unions, a move aimed at helping smaller lenders evaluate stablecoins and other blockchain-based financial services before broader adoption”

Cryptonews.net

Cointelegraph said the NCUA proposal focuses on the licensing process and oversight framework, with additional rulemaking on reserve requirements, capital, liquidity and risk management expected at a later date, and it noted the proposed rules were open for public comment through April 13.

CryptoRank framed a separate stablecoin initiative by TruStage, saying TruStage will launch the TSDA stablecoin pegged to the dollar aimed at U.S. credit unions and that a TruStage affiliate will act as the official issuer managing the token’s critical 1:1 cash reserves.

CryptoRank also said the TSDA launch is intended to be a bridge between traditional insurance-based finance and the burgeoning blockchain economy, and it described a partnership with Block Time Financial for technological support and security protocols.

Crypto Briefing said the real test will come later in 2026 when these credit unions decide whether to move from testing to full deployment.