The National Credit Union Administration of the United States has issued proposed rules for licensing payment stablecoin issuance institutions

According to an official announcement, the National Credit Union Administration (NCUA) has released a proposed rule outlining the operational and risk management standards for stablecoin issuers permitted under the GENIUS Act. NCUA Chairman Kyle Hauptman stated that the proposed rule aims to ensure that credit unions are not at a disadvantage in terms of standards and aligns with the proposed standards for bank subsidiaries. The proposed rule has been published in the Federal Register, and the comment period will close on July 17, 2026.