Finance News
By Jean-Luc Maracon
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TruStage just teamed up with Block Time Financial. The partnership launched a stablecoin pilot program for U.S.
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Randy Salzano runs Block Time Financial and he's pretty excited about what they're building here.
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TruStage picked a small group of credit unions for the initial test run, but they're keeping the participant list under wraps for now.
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Block Time Financial brings the technical muscle to make this work. Their blockchain infrastructure will handle all the behind-the-scenes operations, making sure transactions…
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A TruStage spokesperson talked up the benefits for credit union members during the announcement.
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Both companies are working with U.S. regulators to make sure everything follows the rules. The partnership shows how traditional financial players are getting more interested in…
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TruStage and Block Time Financial plan to tweak the project based on real-world data as the pilot moves forward.
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The companies didn't share technical details about their stablecoin. Nobody knows what blockchain platform they're using or how it'll work with existing financial systems that…
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TruStage hasn't said anything about partnering with other financial institutions beyond credit unions. They're focused on making this pilot work first.
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The outcome could change how credit unions think about their digital strategies going forward.
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Regulatory changes could shift the pilot's direction pretty fast. Both companies say they're ready to adapt if the regulatory landscape changes, which it probably will given how…
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Helen Lockwood heads digital innovation at TruStage and she mentioned the stablecoin could eventually work with existing credit union apps.
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The National Credit Union Administration is watching this project closely even though they're not directly involved.
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