Minnesota credit union in the United States to launch stablecoin Cloud Dollar

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