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Introducing CUUSD
CUUSD is a U.S. dollar-denominated payment stablecoin being developed for institutional payment and settlement use cases. Deployed on blockchain infrastructure and intended for eligible institutional participants, CUUSD is designed to support efficient digital settlement while emphasizing operational resilience, transparency and responsible oversight. Future availability and functionality remain subject to applicable legal, regulatory and program requirements.
Note: CUUSD will be issued on a limited pilot basis prior to the GENIUS Act taking effect in 2027. To become fully GENIUS-compliant, CUUSD would require regulatory approval as a “Permitted Payment Stablecoin Issuer.” Applicable implementing regulations are not yet final. Regulatory approval is not guaranteed.
This website communicates the current intent for the CUUSD product. All information on this site is illustrative and non-binding. Material changes may be made to CUUSD program design, policies and availability.
Advancing Payments for the Credit Union System and Beyond
CUUSD is being explored as a potential way for credit unions to participate in a safe, secure, efficient digital value exchange while staying grounded in the cooperative principles that define the industry. Intended for shared participation, CUUSD strives to support innovation without compromising trust.
CUUSD stablecoins may, if authorized, also be used by institutional and corporate stakeholders outside the credit union system. Widespread usage has the potential to increase the utility, liquidity and acceptance of CUUSD, which would benefit the credit union system.
Why CUUSD?
Who will CUUSD be for?
CUUSD will be designed for:
Credit unions and credit-union-affiliated institutions
Regulated financial institutions
Corporate and B2B entities with certain payment or treasury use cases
Cooperative finance organizations
CUUSD will NOT be designed for:
Retail consumers
Peer-to-peer payments
Speculative trading
Investment purposes
Stability
Meets
Innovation
The future of payments requires both innovation and trust. CUUSD is being designed around principles commonly associated with modern institutional payment systems to promote confidence and usability, including:
- Transparency
- Reserve-backed value preservation
- Transparency into reserves and issuance
- Operational resiliency
- Regulatory compliance
- Secure custody and key management practices
- Clear redemption and liquidity principles
These principles will ensure CUUSD delivers both modern functionality and dependable
value that's capable of serving the needs of tomorrow's financial ecosystem.
Building for
what's next
Digital payments are evolving rapidly. CUUSD is being explored as a means of helping credit unions stay competitive and future-ready, combining emerging technology with the values that have always set the credit union industry apart.
Pilot Group
CUUSD will initially be introduced through a controlled pilot program involving a limited number of approved institutional participants. The pilot is intended to support operational testing, technology validation and use-case evaluation in a controlled environment. Please note that applications for the pilot group are not being accepted at this time.
Please note that individual consumers are not eligible for participation.
Important Notes
- CUUSD has been deployed on the Ethereum blockchain as part of a limited institutional pilot program. Regulatory approval to operate as a permitted payment stablecoin issuer has not yet been granted and is not guaranteed.
- CUUSD is not a bank deposit.
- CUUSD is not federally insured and is not guaranteed by the National Credit Union Share Insurance Fund (NCUSIF).
- CUUSD does not pay interest or yield.
- CUUSD is intended for eligible institutional participants only.
Looking Ahead
As the payments landscape continues to evolve, new possibilities are created for financial institutions, businesses and cooperative organizations. CUUSD is being developed with the long-term objective of helping institutions navigate that future with confidence. We look forward to sharing additional information in the coming months.