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

ChainCatcher news, according to CoinDesk, St. Cloud Financial Credit Union in Minnesota, USA, has announced the launch of the stablecoin Cloud Dollar, which is reportedly the first stablecoin issued by a U.S. credit union.

This 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.