Stablecoin Standards Proposed by NCUA

NCUA Proposes Standards for Credit Union Stablecoin Issuers

• The National Credit Union Administration (NCUA) has proposed a new rule for credit union-affiliated stablecoin issuers.
• This proposal follows the GENIUS Act, signed into law on July 18, 2025, establishing a federal framework for payment stablecoins in the US.
• The NCUA’s proposal outlines operational and risk-management standards for licensed permitted payment stablecoin issuers (PPSIs).
• A separate rule detailing the licensing framework was published on February 11, 2026.
• The comment period for this proposal is open until July 17, 2026.

The NCUA’s proposed rule aims to integrate credit unions into the digital asset ecosystem by setting standards for stablecoin issuance. This move seeks to maintain competitive parity with banks and fintech firms in the stablecoin space.