TechFlow News, February 25: According to The Block, U.S. fintech company TruStage is launching TSDA, a U.S. dollar-pegged stablecoin, in partnership with blockchain technology firm Block Time Financial. TruStage reportedly works with 93% of U.S. credit unions and primarily offers insurance products and investment solutions.
The TSDA stablecoin will be issued by a TruStage subsidiary and backed by a 1:1 cash reserve. Block Time will provide operational support, including security protocols and digital account functionality. TruStage is currently recruiting credit unions to join its pilot program, which is scheduled to run in the first half of 2026.
TruStage stated that TSDA is expected to be used for loan financing and settlement, peer-to-peer transactions, cross-border payments, and settlement and payment among credit unions. Standard Chartered forecasts that the total market capitalization of all stablecoins will reach $2 trillion by the end of 2028.
