TruStage pilots USD stablecoin TSDA for U.S. credit unions

TruStage launches TSDA pilot program

Insurance and financial services provider TruStage is launching a pilot for its U.S. dollar stablecoin called TruStage Stablecoin (TSDA) for credit unions in the United States. The company describes TSDA as a fully reserved digital token that is backed one-to-one by cash held in U.S. dollars. An affiliate of TruStage will issue the token and the group will manage the reserves with dedicated oversight. The pilot program focuses on U.S. credit unions as the first group of institutional participants.

Scale across U.S. credit unions

TruStage reports that it already works with more than 93% of over 4,300 credit unions across the United States. This network gives the company broad reach among potential participants for the TSDA pilot and any later phases. The stablecoin targets everyday use cases inside these institutions, including faster loan funding, settlements and disbursements among credit unions, and consumer payments. The issuer states that all issued tokens will remain fully backed, and that the pilot will not charge an entry fee to participating credit unions.

"TruStage is now recruiting credit unions to join its initial pilot launch of the program in the first half of 2026, with plans to expand eligibility to additional credit unions in the future.", 24 February 2026. — Terrance Williams, President and Chief Executive Officer, TruStage

Pilot timing and planned use cases

TruStage is recruiting credit unions now for an initial pilot phase scheduled for the first half of 2026. The company plans to expand eligibility to additional credit unions in the future after this phase. Planned uses of TSDA include loan disbursement, settlement between institutions, peer-to-peer transfers, bill payments, merchant purchases, and cross-border payments. These functions use a token that settles on blockchain infrastructure operated with partner Block Time Financial.

"Stablecoins are changing how people and institutions move money and they offer a valuable opportunity to expand access to financial services, which aligns with the TruStage mission.", 24 February 2026. — Terrance Williams, President and Chief Executive Officer, TruStage

Block Time Financial’s infrastructure role

Technology firm Block Time Financial provides blockchain infrastructure and operational support for the TSDA project. The company supplies security protocols and digital account capabilities that underpin the stablecoin system. Under the collaboration, TruStage acts as the issuer for TSDA, while Block Time Financial delivers the supporting blockchain technology and operations. This division reflects the roles described in TruStage’s announcement of the stablecoin pilot.