Fintech company TruStage is collaborating with Block Time Financial to pilot the US dollar stablecoin TruStage Stablecoin (TSDA), issued by a TruStage affiliate and backed 1:1 by cash reserves. Block Time provides operational support such as security and digital accounts; TruStage states that its services cover approximately 93% of US credit unions. TSDA will be prioritized for loan disbursements and settlements, peer-to-peer transfers, cross-border payments, and clearing and distribution among credit unions. The pilot program is scheduled to launch in the first half of 2026. (The Block)
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Fintech company TruStage is collaborating with Block Time Financial to pilot the US dollar stablecoin TruStage Stablecoin (TSDA), issued by a TruStage affiliate and backed 1:1 by cash reserves. Block Time provides operational support such as security and digital accounts; TruStage states that its services cover approximately 93% of US credit unions. TSDA will be prioritized for loan disbursements and settlements, peer-to-peer transfers, cross-border payments, and clearing and distribution among credit unions. The pilot program is scheduled to launch in the first half of 2026. (The Block)