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The National Credit Union Administration (NCUA) issues proposed rules for licensing stablecoin issuers
Mars Finance News, according to an official announcement, the National Credit Union Administration (NCUA) has issued a proposed rule outlining the operational and risk management standards for stablecoin issuers permitted under the GENIUS Act, licensed by the NCUA. NCUA Chairman Kyle Hauptman stated that the proposed rule aims to ensure that credit unions are not at a disadvantage regarding 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.