NCUA in the United States issues proposed rules for payment stablecoin issuance standards
According to Odaily, the US National Credit Union Administration (NCUA) has announced the release of a proposed rule that clarifies the operational and risk management standards for Payment Stablecoin Issuers (PPSI) licensed by the NCUA under the framework of the GENIUS Act.
NCUA Chairman Kyle Hauptman stated that the rule aims to ensure that credit unions are not at a disadvantage regarding stablecoin regulatory standards and to keep the proposed standards as consistent as possible with those for bank subsidiaries.
Currently, the proposed rule has been made available for public comment in the Federal Register, with the comment period ending on July 17, 2026.
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