US Credit Union to Launch Proprietary Stablecoin CLDUSD in Q4 2025

St. Cloud Financial Credit Union (SCFCU), a Minnesota-based institution with $400 million in assets, is set to become the first U.S. credit union to issue a stablecoin. The Cloud Dollar (CLDUSD), pegged 1:1 to the USD, will debut in late 2025 on the Metal Blockchain.

The project partners with blockchain firm Metallicus and fintech DaLand CUSO, leveraging Coin2Core software for banking integration. This follows the GENIUS Act's passage, which clarified stablecoin regulations. "CLDUSD positions us for on-chain transactions at card-network fee fractions," said Chase Larson, SCFCU's EVP.

The MOVE signals traditional finance's accelerating embrace of blockchain, with credit unions now entering the $270B stablecoin arena. DaLand CEO Jeff Levesque emphasized institutional credibility in digital asset adoption.