St. Cloud Financial Credit Union (SCFCU)A Minnesota-based institution with over $ 400 million in assets is planning to roll out a proprietary stablecoin what it claims to be the first from a US credit union.
Tokenet, called cloud dollar (CLDUSD) And developed with the blockchain company Metallicus and provider of financial technology Daland CUSO is intended to debut as part of Credit Union’s Digital Asset Vault Service in the last quarter of 2025.
“With CLDUSD, we prepare our store for money on the chain trading payments, member of member, institution to institution-in a fraction of map network fees and with full transparency,” said Chase Larson, EVP/CLO for St. Cloud Financial Credit Union.
Stableecoins are a fast -growing, $ 270 billion segment of cryptocurrencies, predominantly tied to the US dollar. They are widely used as a trading pair of exchanges and are still more popular as a cheaper, faster option for payments. Earlier this year, they received a boost in the United States when President Donald Trump signed the Genius Act, the country’s first major crypto law.
SCFCU’s initiative highlights how smaller financial institutions are experimenting with blockchain tools to compete with fintechs. CLDUSD differs from mainstream stableecoin offers such as USDT or USDC as it connects directly to the credit union’s banking system.
The token will be issued on Metallicus’ blockchain bankstak metal blockchain and integrated through Daland Cusos Coin2core software that ties blockchain services to existing credit union infrastructure. The design aims to keep deposits on the platform while giving members a way of moving money immediately on and at lower costs in a regulated way.
“Credit unions cannot afford to see digital assets developing without members needing trusted institutions to navigate this space safely,” Jeff Levesque, CEO of Daland Cuso, said in a statement.
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