Stablecore has launched an early access stablecoin and digital asset program targeting credit unions. While community and national bank stablecoin initiatives grab the headlines, there are more than 4,400 credit unions in the United States and Stablecore is one of several organizations aiming to provide them with digital asset services. This particular initiative is in partnership with Circuit, a research and development Credit Union Service Organization (CUSO), and with backing from Curql, a collective of more than 160 credit unions that jointly invest in fintech. RBFCU, Stanford FCU and La Capitol FCU are among the initial participants.
The program gives credit unions a way to offer digital asset products directly within their existing digital banking experiences, spanning stablecoins, tokenized deposits, Bitcoin, on and off ramps and staking. Beyond the technology itself, it includes education for both staff and members.
Other organizations targeting credit unions include DaLand CUSO and Metallicus, which has partnered with several other CUSOs including Velera. One of DaLand’s clients is St. Cloud Financial Credit Union, which recently went live with its Digital Asset Vault. St. Cloud’s Chief Lending Officer Chase Larson described it as a digital safe deposit box, emphasizing that assets are not commingled with anyone else’s. He noted over 22% of its members either own digital assets or plan to.
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