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The National Credit Union Administration of the United States issued a proposed rules framework for licensing payment stablecoin issuers.

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ME News Report, May 18 (UTC+8), according to an official announcement, the National Credit Union Administration (NCUA) in the United States 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 in terms of standards and aligns with the proposed standards for bank subsidiaries. The proposed rule has been published in the Federal Register, with a comment period ending on July 17, 2026. (Source: ChainCatcher)
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