MDC Launches Stablecoin, Tokenized Deposits, and Digital Assets Initiative

Ned Tobey

Members Development Company (MDC), in collaboration with Curql Collective, TruStage, and Credit Union partners, announced the launch of the Stablecoin, Tokenized Deposits, and Digital Assets Initiative. This 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.

“Recent regulatory clarity has opened the door for credit unions to safely and confidently explore and deploy stablecoin and digital asset opportunities,” said Ned Tobey, CEO of MDC. “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.”

The initiative is anchored in collaboration and structured through three working groups: Government & Regulatory, Business Model, and Technology. Comprised of executive representatives from more than 50 leading credit unions nationwide, these groups focus on defining the requirements, risks, and opportunities that matter most to credit unions.

Together, they will:

• Map the regulatory and compliance landscape for stablecoins and tokenized deposits.
• Evaluate the business implications, operational needs, and revenue opportunities for adoption.
• Assess vendor pathways, interoperability with core banking systems, and cybersecurity requirements.

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. By bringing together these working groups, MDC seeks to help credit unions lead in the thoughtful adoption of stablecoins and tokenized deposits.

As part of its broader mission, MDC, along with Curql and TruStage, will leverage their networks of owner credit unions to validate and advance findings, ensuring real-world application and measurable outcomes.

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