NCUA Issues Proposed Rule for Payment Stablecoin Issuers, Comment Period Closes July 17

According to Foresight News, the U.S. National Credit Union Administration (NCUA) issued a proposed rule establishing operational and risk management standards for payment-focused stablecoin issuers (PPSI) licensed under the GENIUS Act framework. The proposed rule, published in the Federal Register, aims to ensure credit unions operate on equal footing with bank subsidiaries under comparable standards. The public comment period closes on July 17.