US Credit Union Prepares to Launch Its Own Stablecoin
Date: 2025-09-12 Author: Henry Casey Categories: CRYPTO PAYMENTS
US credit union St. Cloud Financial Credit Union (SCFCU) has announced its intention to launch a digital asset called Cloud Dollar (CLDUSD). The token is scheduled to be released in the fourth quarter of 2025. The project is being implemented by blockchain company Metallicus and fintech provider DaLand CUSO, CoinDesk reports.
Credit unions in the US are non-profit organizations that provide members with access to deposits, loans, and related financial services. That's why SCFCU's initiative has attracted attention: Cloud Dollar will be the first stablecoin in the country issued by such an institution.
Metal Blockchain, a platform focused on the financial sector, was chosen as the technical base. With the help of integration with the DaLand Coin2Core system, the new token can be used not only for transfers between clients and organizations, but also for settlements with retail outlets. Thus, CLDUSD is positioned as a tool for daily transactions, providing speed and low fees.
The project’s leaders emphasize that the key task is to keep users’ funds within the banking ecosystem while providing a modern settlement mechanism. In a situation where digital assets are increasingly entering everyday life, credit unions are striving to offer members innovative and reliable services.
Daland CUSO CEO Jeff Levesque noted that credit unions cannot ignore the emergence of digital currencies:
“Members look to us to help them master this area, and we have a responsibility to provide them with safe access to new technologies.”
The emergence of Cloud Dollar could be an important step for the sector, since until now the issuance of stablecoins has been associated mainly with large private companies and cryptocurrency firms. The SCFCU project demonstrates that traditional financial institutions are also ready to actively develop this market.
Against the backdrop of this initiative, discussions on the regulation of stablecoins continue in Europe. Earlier, the President of the European Central Bank, Christine Lagarde, stated the need for increased control over their issuers in order to reduce possible risks to financial stability.
Thus, the launch of Cloud Dollar may become an example of how traditional credit institutions adapt to new realities, creating a bridge between the traditional banking system and digital assets.
