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 National Credit Union Administration

NCUA proposes rules implementing the GENIUS Act to license and supervise Payment Stablecoin issuance by subsidiaries of federally insured credit unions, plus share-insurance and tokenized-share amendments.

This rule binds only NCUA-jurisdiction issuers (credit-union subsidiaries), so it imposes no direct obligation on BlockQuake's exchange, custody, or staking. As a concrete GENIUS Act implementation, though, it previews the federal template BlockQuake's own stablecoin regulator will likely mirror, and widens the pool of regulated stablecoins it may list or custody.

Monitor and consider a comment for GENIUS Act precedent; no compliance change required now.