DENVER — Members Development Company (MDC), in collaboration with Curql Collective and TruStage, has launched a Stablecoin, Tokenized Deposits, and Digital Assets Initiative.
The multi-partner effort will explore the regulatory, business and technology frameworks needed to bring “innovative and secure digital asset solutions” to credit unions and their members, MDC said.
“Recent regulatory clarity has opened the door for credit unions to safely and confidently explore and deploy stablecoin and digital asset opportunities,” MDC CEO Ned Tobey said in a statement. “This project is about extending the trust credit unions have always earned into the next era of digital finance, ensuring members benefit from speed, transparency and access while credit unions remain secure, compliant and competitive.”
Three Working Groups
The initiative includes three working groups:
• Government & Regulatory
• Business Model
• Technology
MDC said the groups are made up of executive representatives from more than 50 leading credit unions nationwide and will focus on “defining the requirements, risks and opportunities that matter most.”
According to the organizations, the working groups will:
• Map the regulatory and compliance landscape for stablecoins and tokenized deposits.
• Evaluate business implications, operational needs and revenue opportunities.
• Assess vendor pathways, interoperability with core banking systems and cybersecurity requirements.
‘Deploy at Scale’
“Through research, stress-testing of use cases, and pilot development, MDC and its partners aim to deliver solution sets that credit unions can confidently deploy at scale,” the company said.
MDC added that the effort is designed to position credit unions as leaders in the thoughtful adoption of stablecoins and tokenized deposits. Findings will be validated and advanced through MDC’s networks of owner credit unions to ensure “real-world application and measurable outcomes.”
