ALEXANDRIA, Va.—The Digital Token Identifier Foundation is urging NCUA to tighten its proposed GENIUS Act rule, arguing there is a key gap in how payment stablecoins would be identified under the agency’s emerging licensing framework, Asset Servicing Times reported.
DTIF said the NCUA’s proposed rule implementing portions of the GENIUS Act does not require an applying issuer to uniquely identify each payment stablecoin it plans to issue using a standardized, verifiable code. DTIF, which serves as registration authority for the Digital Token Identifier standard, said that omission should be addressed through the forthcoming Payment Stablecoin Issuer Manual and in later Subpart B rulemaking.
Asset Servicing Times reported DTIF is recommending that the NCUA require applicants to obtain and disclose a Digital Token Identifier code under the ISO 24165 standard for each payment stablecoin as part of the application process, and that the agency add a DTI field to its Credit Union Service Organization/Permitted Payment Stablecoin Issuer registry. DTIF also wants permitted payment stablecoin issuers required to use DTI codes as the primary identifier in monthly reserve reports, redemption-policy disclosures and other regulatory filings.
Asset Servicing Times said DTIF argued those steps would strengthen the identification, reserve-reporting and supervisory framework the GENIUS Act contemplates while imposing minimal added cost on applicants. The law gives the NCUA authority over payment stablecoin issuers that are subsidiaries of federally insured credit unions, and the agency faces a statutory July 18, 2026 deadline to finalize implementing regulations.