TechFlow, Sept. 10 — According to CoinDesk, St. Cloud Financial Credit Union (SCFCU) in Minnesota plans to launch a proprietary stablecoin called Cloud Dollar (CLDUSD), which the institution claims will be the first stablecoin issued by a U.S. credit union, with an expected launch in the fourth quarter of 2025.
The stablecoin, developed jointly by blockchain company Metallicus and fintech provider DaLand CUSO, will be integrated into the credit union's banking system, offering members instant, low-cost transaction services. CLDUSD will be issued on Metallicus' Metal Blockchain and connected to existing credit union infrastructure via DaLand CUSO's Coin2Core software.
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