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The National Credit Union Administration (NCUA) releases proposed rules for licensing stablecoin issuers
Golden Finance reports that on May 18, according to an official announcement, the National Credit Union Administration (NCUA) of the United States issued a proposed rule outlining the operational and risk management standards for stablecoin issuers permitted under the GENIUS Act authorized by the NCUA. 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 end on July 17, 2026.