Minnesota’s SCFCU to Launch Cloud Dollar Stablecoin in 2025, Pioneering Credit Union Adoption

St. Cloud Financial Credit Union (SCFCU) is set to become the first U.S. credit union to issue a proprietary stablecoin, Cloud Dollar (CLDUSD), with a targeted launch in Q4 2025. The digital currency will be built on the Metal Blockchain and integrated into SCFCU's banking infrastructure through DaLand CUSO's Coin2Core software.

The initiative aims to reduce transaction costs for members while streamlining payment efficiency—a direct challenge to traditional card networks. SCFCU's partnership with Metallicus and DaLand CUSO positions the credit union as a test case for regulated institutions exploring blockchain-based settlements.

This MOVE signals growing institutional confidence in stablecoins as viable payment rails. By leveraging existing banking relationships, SCFCU could accelerate adoption among risk-averse financial entities.