Overview
- Stablecore on Wednesday began a live early-access pilot that lets RBFCU, Stanford Federal Credit Union, and La Capitol Federal Credit Union test 1:1 cash-backed stablecoins inside their existing banking platforms.
- The pilot covers stablecoin payments, tokenized deposits, digital asset accounts, crypto on/off ramps, Bitcoin access and staking so credit unions can evaluate technical fit and member use cases.
- Stablecore built compliance support into the program by adding former FDIC regulator Ben Hailey to lead risk and compliance and by providing training for credit union staff and members.
- Participants will run tests through later in 2026 and then decide whether to move to full deployment as the NCUA’s proposed licensing and reserve rules for payment stablecoin issuers are worked out.
- The effort builds on Stablecore’s push into regulated banking channels after a $20 million raise and recent integrations with Q2, TRM Labs, Jack Henry access and industry partners that could speed wider adoption if pilots succeed.