Minnesota Credit Union Launches First US-Based Stablecoin

St. Cloud Financial Credit Union (SCFCU), a community-focused institution in Minnesota, is taking a bold step into the world of stablecoins. The credit union will launch its own digital coin, called Cloud Dollar (CLDUSD), marking a significant milestone for US credit unions and potentially paving the way for wider adoption of blockchain technology within traditional banking. SCFCU plans to release the stablecoin in late 2025 as part of its new digital asset custody service.