Public Blockchains Get Green Light in New NCUA Stablecoin Proposal

[lingriiddd]

One of the most notable aspects of the NCUA’s proposed stablecoin rules is its blockchain-neutral stance. The agency would be prohibited from denying an application simply because a stablecoin operates on an open, public, or decentralized network. This language signals a significant shift toward accommodating public blockchain infrastructure within federally supervised frameworks.

The proposal also introduces a strict 120-day review window. Once an application is considered “substantially complete,” the NCUA must approve or deny it within 120 days — or it will be automatically approved by default. This timeline adds regulatory clarity and predictability for credit union–backed stablecoin initiatives.

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[cryptobro]

credit unions issuing stablecoins wasnt on my bingo card but here we are