Minnesota credit union plans stablecoin launch by end of 2025

St. Cloud Financial Credit Union (SCFCU), a Minnesota-based institution with over $400 million in assets, plans to launch the Cloud Dollar (CLDUSD) by the end of 2025, which would be the first stablecoin from a U.S. credit union, CoinDesk reported. The stablecoin will be issued on the Metal Blockchain, a blockchain banking stack from Metallicus.