Stablecore expands stablecoin pilot to U.S. credit unions managing $25 billion in assets

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Stablecore expands stablecoin pilot

Highlights

Stablecore launched an early-access program with Circuit and Curql, enabling U.S. credit unions managing $25 billion in assets to test stablecoin and digital-asset services.
The February partnership with Jack Henry Fintech Integration Network gives Stablecore potential access to 1,670 bank and credit union core clients for stablecoin integration.
The National Credit Union Administration proposed new licensing rules for payment stablecoin issuers in February, with public comment open until April 13 and further rulemaking anticipated.

Early-access program for credit unions

As reported by Cointelegraph, Stablecore has launched an early-access program for U.S. credit unions in partnership with Circuit, a credit union service organization focused on research and development, and Curql, a fintech investment collective representing more than 160 credit unions.

The program lets participating institutions test stablecoin and digital-asset services before deciding whether to integrate them into existing banking platforms. Services available for evaluation include stablecoin payments, tokenized deposits, Bitcoin, crypto on- and off-ramps and staking capabilities.

The initiative builds on Stablecore's broader push to deliver stablecoin and tokenized-asset services to U.S. banks and credit unions through existing core banking systems. In February, the company joined the Jack Henry Fintech Integration Network, which gives it access to about 1,670 bank and credit union core clients.

Regulatory momentum and sector implications

Credit unions remain a significant part of the U.S. financial system, with more than 4,200 federally insured institutions nationwide. While the number of institutions has declined over time, membership and total assets continue to grow, creating a larger base for potential adoption of blockchain-based financial products.

There are also increasing signs that the regulatory environment is evolving alongside that interest. In February, the National Credit Union Administration proposed a licensing framework for payment stablecoin issuers operating through credit union subsidiaries, requiring any such issuer tied to a federally insured credit union subsidiary to obtain an NCUA license before issuing stablecoins.

The proposal centers on licensing and oversight, while further rulemaking on reserves, capital, liquidity and risk management is expected later. Public comments on the proposed rules remain open through April 13, underscoring that U.S. credit unions are evaluating stablecoin services as policy expectations continue to take shape.

Our earlier article on the House Financial Services Committee’s June 24, 2026 hearing on payments innovation outlined how lawmakers are weighing whether current chartering and supervisory frameworks keep pace with new technologies and fintech participation. We noted that the discussion centers on balancing regulatory clarity and consistent oversight with safeguards for consumers and the resilience of the U.S. payments system.

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