TruStage is piloting TSDA through the first half of 2026, leveraging GENIUS Act-driven stablecoin growth and $2 trillion cap forecasts.
TruStage has announced a pilot program for a dollar-pegged stablecoin targeting U.S. credit unions, representing one of the industry’s largest coordinated efforts to test blockchain-based payments infrastructure, according to the company.
The TruStage Stablecoin, designated TSDA, will be issued through a partnership with Block Time Financial. A TruStage subsidiary will serve as the issuer and manage the individual liquidity reserves supporting the token, while Block Time will provide operational support, including security protocols and digital account capabilities, the company said.
The pilot program is expected to run through the first half of 2026, and TruStage will recruit credit unions to participate. The company said TSDA is designed for loan financing and settlement, peer-to-peer transfers, cross-border payments and disbursements between credit unions.
TruStage, founded in 1935, works with approximately 93 percent of U.S. credit unions, offering industry-tailored insurance, retirement and investment products. Company executives said interest in stablecoin solutions accelerated after the passage of the GENIUS Act, which established federal standards for stablecoin issuers.
Lawmakers continue to debate broader legislation on crypto market structure, with some banking and credit union groups raising concerns that yielding stablecoins could draw deposits away from traditional accounts, according to industry reports.
Analysts at Standard Chartered predict that the total market capitalization of stablecoins could reach $2 trillion by 2028, potentially increasing demand for U.S. Treasury securities that often back dollar-pegged tokens.