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TruStage is piloting TSDA, a U.S. dollar-pegged stablecoin for credit unions
Svmuu News: Fintech firm and insurance company TruStage is piloting the issuance of the TruStage Stablecoin (TSDA), a U.S. dollar-pegged stablecoin issued by an affiliate of TruStage with technical and operational support provided by Block Time Financial. TSDA will be backed by 1:1 cash reserves, with the reserve funds managed by TruStage. TruStage serves approximately 93% of U.S. credit unions, offering insurance, investment, and retirement financial products. This stablecoin project aims to provide credit unions with new payment infrastructure and explore use cases for stablecoins within the traditional financial system following the implementation of the GENIUS Act.
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