Credit Union Giant TruStage Enters Crypto With Dollar-Pegged Stablecoin Launch

TruStage To Issue Cash-Backed Stablecoin For US Credit Unions

Insurance and financial services organization, TruStage, has disclosed plans to introduce TruStage Stablecoin, identified by the ticker TSDA, a fully reserved stablecoin denominated in US dollars and positioned for use within the credit union sector.  The initiative is intended to expand access to digital payment infrastructure for community-focused financial institutions and to provide an alternative payment rail tailored to their operational a…

Credit Union Giant TruStage Enters Crypto With Dollar-Pegged Stablecoin Launch

TLDR TruStage, which serves 93% of all US credit unions, is launching TSDA, a dollar-pegged stablecoin. The initiative emerges under the GENIUS Act framework to ensure federal compliance and security standards. The asset will initially be used for loan settlements, cross-border remittances, and peer-to-peer payments. Technology giant TruStage announced this Tuesday the launch of the TruStage stablecoin (TSDA). This digital asset, backed 1:1 by …