Stablecore, a digital asset infrastructure provider for financial institutions, has launched an early-access program that lets US credit unions test stablecoin payments and other blockchain-based services before committing to full integration.
The program is a joint effort with Circuit, a credit union service organization focused on R&D, and Curql, a fintech collective representing more than 160 credit unions. Participating institutions will be able to experiment with stablecoin payments, tokenized deposits, Bitcoin, crypto on- and off-ramps, and staking.
Combined, the credit unions in the program manage roughly $25 billion in assets. It’s a meaningful slice of the US credit union system, which includes more than 4,200 federally insured institutions.
The timing aligns with regulatory movement. In February, the National Credit Union Administration proposed a licensing framework for stablecoin issuers operating through credit union subsidiaries. The rules would require NCUA approval before any subsidiary could issue payment stablecoins. Additional rulemaking on reserves, capital, and liquidity is expected later.
Stablecore already has a foot in the door — it joined the Jack Henry Fintech Integration Network in February, giving it access to approximately 1,670 bank and credit union core clients. The new pilot program builds on that foundation.
