St. Cloud Financial Credit Union plans to roll out a proprietary stablecoin what it claims to be the first from a U.S. credit union. The token, dubbed Cloud Dollar (CLDUSD) and developed with blockchain firm Metallicus and financial technology provider DaLand CUSO, is slated to debut as part of the credit union’s digital asset vault service in the last quarter of 2025. “With CLDUSD, we’re readying our shop for on-chain money movement — merchant payouts, member-to-member, institution-to-institution — at a fraction of card-network fees and with full transparency,” said Chase Larson, EVP/CLO for St. Cloud Financial Credit Union. CLDUSD differs from mainstream stablecoin offerings like USDT or USDC as it connects directly to the credit union’s banking system. The token will be issued on Metallicus’ blockchain banking stack the Metal Blockchain and integrated through DaLand CUSO’s Coin2Core software, which ties blockchain services to existing credit union infrastructure. The design aims to keep deposits on-platform while giving members a way to move money instantly and at lower cost in a regulated manner.