The Minnesota-based credit union will launch the Cloud Dollar stablecoin

BlockBeats News, September 10, According to CoinDesk, St. Cloud Financial Credit Union, based in Minnesota, USA, announced that it will launch the Cloud Dollar (CLDUSD) stablecoin by the end of 2025, becoming the first stablecoin to be issued by a US credit union. The stablecoin, developed in partnership with Metallicus and DaLandCUSO, will be integrated into the credit union's banking system to provide members with instant, low-cost transactions.