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Minnesota Credit Union to Launch Cloud Dollar Stablecoin by 2025

According to St. Cloud Financial Credit Union, the institution plans to release Cloud Dollar (CLDUSD) in Q4 2025, marking the first U.S. credit union-issued stablecoin.

Summary

St. Cloud Financial Credit Union (SCFCU) announced it will launch Cloud Dollar (CLDUSD), the first stablecoin issued by a U.S. credit union, in Q4 2025. The Minnesota-based institution, managing over $400 million in assets, developed the stablecoin in collaboration with Metallicus and DaLand CUSO. Cloud Dollar will operate on the Metal Blockchain and integrate into SCFCU’s core banking system via Coin2Core software, providing members with direct digital transaction capabilities.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by being pegged to a reserve asset, such as the U.S. dollar.
  • CLDUSD: Cloud Dollar, a stablecoin created by St. Cloud Financial Credit Union for integration with its banking system and low-cost transactions.
  • Metal Blockchain: A blockchain platform used for developing and operating digital assets, including stablecoins like CLDUSD.