SAN FRANCISCO–Metallicus, a provider of  blockchain technology for financial institutions, said it is launching a Stablecoin Pilot Program it said is a “first-of-its-kind initiative designed to allow credit unions to explore the operational and strategic benefits of stablecoins.”

The pilot is open to participants in the company’s Metal Blockchain Banking Innovation Program, a “collaborative incubator supporting financial institutions looking to upgrade to a blockchain based infrastructure,” the company said.

The network now includes 750+ credit unions, through credit union leagues, CUSOs and fintechs globally, according to Metallicus.

‘Sandbox Wallets’

“The program enables credit unions to simulate stablecoin transactions using sandbox wallets and a test-issued, credit-union-branded stablecoin,” Metallicus said in a statement. “No real funds are used, and no custody of digital assets is required. This gives institutions a secure, risk-free environment to experience how stablecoins can significantly improve speed, security, and transparency in areas such as internal settlement, member payments, and peer-to-peer credit union transactions.”

“We have created an environment where credit unions can build operational knowledge and test real-world scenarios—from internal treasury to peer-to-peer credit union transactions,” CEO Marshall Hayner said in a statement. “The goal is to provide a pathway from education to execution, supported by compliant infrastructure.”

Senate Bill Pending

The company noted the launch comes at the same time the Senate is working to pass the GENIUS Act, which proposes clear frameworks for issuance, consumer protection, and compliance related to stablecoins.

Metallicus said the Stablecoin Pilot Program is actively onboarding its first few credit unions, with broader participation expected in the coming months. There is no cost to participate for current Banking Innovation Program members.