According to TechFlow, on September 12, Ledger Insights reported that Kyle Hauptman, vice chairman of the National Credit Union Administration (NCUA), expressed a positive attitude towards cryptocurrencies and stablecoins in his latest speech, emphasizing the importance of innovation to the development of credit unions. Vice Chairman Hauptman pointed out that every widely used new technology will inevitably bring some negative effects. He cited the invention of the car as an example, which led to traffic accidents but also promoted the transportation revolution. In response to the controversy over cryptocurrency and criminal activities in some circles, Hauptman said that the illegal use of cash is equally common.

Hauptman praised stablecoins and believed that they had the potential to improve the backward payment system in the United States, especially in the field of international payments. This view is in sharp contrast to the conservative attitude of some regulators. Hauptman emphasized that the core goal of the NCUA is to ensure that credit unions can keep up with the times and avoid repeating the mistakes of companies such as Blockbuster that failed to adapt to changes and declined. As the regulator of credit unions in the United States, the NCUA has a function similar to that of the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) in the banking industry, which is responsible for both supervision and insurance for deposits.