Glendale Area Schools Credit Union Explores Stablecoin Use Case With Metal Blockchain

SAN FRANCISCO, July 18, 2024 (Newswire.com) - Metallicus, the core developer of Metal Blockchain, a foundational Layer 0 blockchain, today announced Glendale Area Schools Credit Union's enrollment in its Banking Innovation Program. This move signifies Glendale Area Schools Credit Union's proactive approach to investigating blockchain technology's potential and harnessing Metallicus' expertise to elevate its technological prowess.

"Glendale Area Schools Credit Union's enrollment in our Banking Innovation Program marks a significant stride forward in our mission to integrate blockchain technology into the financial industry," remarked Frank Mazza, Director of Blockchain for Institutions & Fintechs at Metallicus. "We are excited to collaborate with Glendale Area Schools Credit Union, providing them with essential tools and resources to explore stablecoin applications, foster innovation, and navigate the ever-evolving financial landscape."

“We see inspiration in Metallicus’ Banking Innovation Program. Glendale Area Schools Credit Union looks forward to joining others in creating blockchain-based solutions to meet people’s needs,” said Wesley Walton, CEO of Glendale Area Schools Credit Union.

The Banking Innovation Program by Metal Blockchain enables institutions like Glendale Area Schools Credit Union to navigate and adopt customized blockchain solutions, ensuring compliance with regulatory standards while addressing their distinct operational demands. Drawing on Metallicus' unparalleled blockchain expertise and a distinguished advisory board, the program offers innovation workshops, fintech partnerships, R&D grants, and bespoke development, positioning participants to lead and innovate within the dynamic financial sector.

The Metal Blockchain Banking Innovation Program is designed to support financial institutions' journey into blockchain technology at no cost. With a focus on tackling use cases around Stablecoins, Digital Identity, Single Sign-On (SSO), Private Subnets, Tokenization of Assets, and more, the program equips participants with the tools and resources needed to drive profitability, lower costs, reduce risks, and deliver unparalleled customer experiences.

Financial institutions interested in participating in the Metal Blockchain Banking Innovation Program can express their interest or learn more by contacting bizdev@metallicus.com.

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About Metal Blockchain:

Metal Blockchain, developed by Metallicus, is an innovative Layer 0 blockchain technology dedicated to tackling global finance challenges with its scalable, secure, and decentralized infrastructure built on the foundation of BSA Compliance. The versatile nature of Metal Blockchain's infrastructure enables developers to craft customized solutions for a wide range of financial applications, promoting innovation and growth within the global financial sector. Guided by the vision of CEO Marshall Hayner, Metal Blockchain aims to transform the financial industry by embracing compliance-driven innovation.

About Glendale Area Schools Credit Union:

We make banking easy here in Glendale, California. Started by two Glendale Unified School District teachers in 1937, Glendale Area Schools Credit Union has grown into a full-service financial institution owned by the membership. We are easy to join and can meet all your financial needs. At Glendale Area Schools Credit Union, you’re not just a customer, you’re an owner and member.

Source: Metallicus