Comment from TruStage
TruStageSupportBusiness
Summary: TruStage, a provider of financial products and services to credit unions, supports the NCUA's proposed rules for implementing the GENIUS Act. They advocate for a risk-based, principles-based approach to supervision that focuses on effective outcomes—such as redemption capability, governance, and operational resilience—rather than prescriptive, uniform requirements.
TruStage respectfully submits the attached letter in response to the National Credit Union Administration's proposed rule, "Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the NCUA." (RIN 3133-AG10)