Core Insights - St. Cloud Financial Credit Union (SCFCU) plans to launch a proprietary stablecoin named Cloud Dollar (CLDUSD), claiming it to be the first stablecoin from a U.S. credit union [1] - The stablecoin is developed in collaboration with blockchain firm Metallicus and financial technology provider DaLand CUSO, and is expected to debut in the last quarter of 2025 [1][5] - The initiative reflects how smaller financial institutions are leveraging blockchain technology to compete with fintech companies [4] Financial and Market Context - Stablecoins represent a rapidly growing segment of the cryptocurrency market, valued at approximately $270 billion, primarily pegged to the U.S. dollar [3] - The popularity of stablecoins is increasing as they offer a cheaper and faster alternative for payments, especially after the enactment of the GENIUS Act, the first major crypto law in the U.S. [3] Technological Integration - CLDUSD will be issued on the Metal Blockchain and integrated with DaLand CUSO's Coin2Core software, which connects blockchain services to the existing credit union infrastructure [5] - The design of CLDUSD aims to keep deposits on-platform while allowing members to transfer money instantly and at lower costs in a regulated manner [5] Industry Perspective - The CEO of DaLand CUSO emphasized the necessity for credit unions to engage with digital assets, highlighting the need for trusted institutions to guide members in navigating the evolving crypto landscape [6]