Share this article
Minnesota Credit Union to Launch Stablecoin; Claims to Be First in U.S.
St. Cloud Financial Credit Union's upcoming token highlights how smaller financial institutions may tap stablecoins to be competitive following U.S. regulatory clarity.
Sep 10, 2025, 3:00 p.m.
What to know:
- St. Cloud Financial Credit Union plans to launch Cloud Dollar, what it says is the first stablecoin from a U.S. credit union, by late 2025.
- The stablecoin, developed with Metallicus and DaLandCUSO, will be integrated into the credit union's banking system, offering members instant, low-cost transactions.
- This initiative reflects smaller financial institutions' efforts to leverage blockchain technology to compete with fintech companies after the GENIUS Act brought federal regulation for stablecoins.
St. Cloud Financial Credit Union (SCFCU), a Minnesota-based institution with over $400 million in assets, plans to roll out a proprietary stablecoin what it claims to be the first from a U.S. credit union.
The token, dubbed Cloud Dollar (CLDUSD) and developed with blockchain firm Metallicus and financial technology provider DaLand CUSO, is slated to debut as part of the credit union’s digital asset vault service in the last quarter of 2025.
STORY CONTINUES BELOW
Başka bir hikayeyi kaçırmayın.Bugün Crypto Daybook Americas Bültenine abone olun. Tüm bültenleri gör
"With CLDUSD, we're readying our shop for on-chain money movement — merchant payouts, member-to-member, institution-to-institution — at a fraction of card-network fees and with full transparency," said Chase Larson, EVP/CLO for St. Cloud Financial Credit Union.
Stablecoins are a fast-growing, $270 billion segment of cryptocurrencies, predominantly pegged to the U.S. dollar. They are widely used as trading pairs on exchanges and are increasingly popular as a cheaper, faster option for payments. Earlier this year, they received a boost in the U.S. when President Donald Trump signed the GENIUS Act, the country’s first major crypto law, into effect.
SCFCU's initiative highlights how smaller financial institutions are experimenting with blockchain tools to compete with fintechs. CLDUSD differs from mainstream stablecoin offerings like USDT or USDC as it connects directly to the credit union’s banking system.
The token will be issued on Metallicus' blockchain banking stack the Metal Blockchain and integrated through DaLand CUSO’s Coin2Core software, which ties blockchain services to existing credit union infrastructure. The design aims to keep deposits on-platform while giving members a way to move money instantly and at lower cost in a regulated manner.
"Credit unions can't afford to watch digital assets evolve without them members need trusted institutions to navigate this space safely," Jeff Levesque, CEO of DaLand CUSO, said in a statement.
Read more: Washington’s Crypto Pivot Isn’t About Silicon Valley. It’s About Treasuries
Sizin için daha fazlası
Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Sizin için daha fazlası
Marshall Islands launches world’s first blockchain-based UBI on Stellar blockchain
Backed by U.S. Treasuries, USDM1 marks a new model for digital public finance and universal basic income in underserved regions.
Bilinmesi gerekenler:
- The Marshall Islands has launched the first on-chain universal basic income disbursement using a digitally native bond on the Stellar blockchain.
- The initiative, part of the ENRA program, replaces physical cash deliveries with digital transfers to citizens across dispersed islands.
- USDM1, a U.S. dollar-denominated bond, is fully backed by U.S. Treasury bills and distributed via a custom digital wallet app.
Top Stories
