Stablecoin's Growing Influence on Credit Unions
TruStage Ventures President and Managing Director Brian Kaas believes the announcement that they launched a U.S. dollar-backed stablecoin designed specifically for credit unions is potentially a giant step forward for stablecoin as a payment rail.
Kaas sat down with CU Times Sr. Director of Content Experience and Strategy Michael Ogden at the America's Credit Unions Governmental Affairs Conference to talk about the specifics of the stablecoin announcement and how he is working toward a "collaborative stablecoin model."
He said the offering is intended to modernize digital payment infrastructure for credit unions seeking faster, lower-cost money movement without venturing into speculative crypto markets. TruStage will serve as the issuer of TSDA, while Block Time Financial will provide blockchain infrastructure, security protocols and digital account capabilities.
Great discussion with Kaas! Oh, and it would be wise to hang around to the end for his origin story. Teaser: It's like if "Little House on the Prairie" was set in Wisconsin, in modern times, and yet you still can't believe how well they all turned out.
We salute you Waldo, Wis.!
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