US credit union regulator proposes stablecoin licensing path
US credit union regulator proposes stablecoin licensing path
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The US National Credit Union Administration (NCUA) has proposed a federal licensing regime for payment stablecoin issuers, specifically those operating through credit union subsidiaries. This move suggests increasing regulatory scrutiny and a potential path for traditional financial institutions to engage with stablecoin technology under a defined framework.
The US National Credit Union Administration proposed a federal licensing regime for payment stablecoin issuers operating through credit union subsidiaries.