St. Cloud Financial Credit Union (SCFCU)A Minnesota headquarters with more than $ 400 million in assets, plans to implement a patented stabloin of what it claims to be the first of a US credit cooperative.
The Token, folded Dollar Cloud (Cldusd) and developed with the firm Blockchain Metallicus and the Financial Technology Supplier Daland Cuso, debut as part of the Digital Assets Vault Service of the Credit Cooperative in the last quarter of 2025.
“With Cldusd, we are preparing our store for the movement of money in the chain (commercial payments, member to member, institution to institution, to a fraction of card network rates and with full transparency,” said Chase Larson, EVP/clo for St. Cloud Financial Credit Union.
The stable are a cryptocurrency segment of $ 270 billion of rapid growth, predominantly linked to the US dollar. They are widely used as commercial pairs in exchanges and are increasingly popular as a cheaper and faster option for payments. Earlier this year, they received an impulse in the United States when President Donald Trump signed the Genius law, the first cryptographic law of the country, in force.
The SCFCU initiative highlights how smaller financial institutions are experiencing with blockchain tools to compete with Fintechs. Cldusd differs from conventional Stablecoin offers such as USDT or USDC, as it connects directly to the credit system of the Credit Cooperative.
The Token will be broadcast on the Metallicus Blockchain Banking battery in the Metal Blocks chain and integrated through the Coin2core software of Daland Cuo, which links Blockchain services with the infrastructure of existing credit cooperatives. The design aims to keep the deposits on the platform while giving members a way to move money instantly and a lower cost regulated.
“Credit cooperatives cannot afford to see digital assets evolving without members needing trusted institutions to navigate this space safely,” said Jeff Levesque, CEO of Daland Cuso, in a statement.
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