St. Cloud Financial Credit Union (SCFCU)An institution based in Minnesota with more than $ 400 million in assets, plans to deploy a owner stable what he claims to be the first of an American credit cooperative.
The token, nicknamed the Dollar Cloud (Cldusd) And developed with the Blockchain Metallicus company and the supplier of financial technologies Daland Cuso, should make its debut as part of the Digital Asset Vault service in the last quarter of 2025.
“With CLDUSD, we prepare our shop for the money movement on chain – merchant payments, the member of a member, the institution to the institution – to a fraction of card network fees and with total transparency,” said Chase Larson, EVP / CLO for St. Cloud Financial Credit Union.
Stablecoins are a rapid growth segment of $ 270 billion in cryptocurrencies, mainly set to the US dollar. They are widely used as trading pairs on scholarships and are increasingly popular as an expensive and faster option for payments. Earlier this year, they received a boost in the United States when President Donald Trump signed the Act on Engineering, the first major law on cryptography of the country, in force.
SCFCU’s initiative underlines how small financial institutions experience blockchain tools to compete with fintechs. CLDUSD differs from traditional stablecoin offers such as USDT or USDC because it connects directly to the banking system of the credit cooperative.
The token will be published on the Banckchain Banckchain Banckchain The Metal Blockchain and Integrated via the Coin2Core software from Daland Cuso, which links the blockchain services to the existing credit cooperative infrastructure. The design aims to maintain deposits on the platform while giving members a way to move money instantly and at a lower cost in a regulated manner.
“Credit cooperatives cannot afford to see digital assets evolve without them needing institutions of trust to sail in this space safely,” said Jeff Levesque, CEO of Daland Cuso, in a press release.
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