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Techub News reports that, according to CryptoBriefing, the National Credit Union Administration (NCUA) in the United States has issued a new rule proposal to establish operational and risk management standards for credit unions issuing stablecoins. The proposal is based on the GENIUS Act and aims to regulate the framework for "licensed payment stablecoin issuers" (PPSIs). The comment period for the proposal lasts until July 17, 2026, and requires NCUA to collaborate with the Department of the Treasury and other regulators. The NCUA chair stated that this move is intended to maintain a competitive balance between credit unions, banks, and fintech companies, but some small institutions may face pressures to invest in compliance infrastructure.