The credit union in Minnesota, USA will launch the stablecoin Cloud Dollar

ChainCatcher news, according to CoinDesk, St. Cloud Financial Credit Union in Minnesota, USA, announced the launch of the stablecoin Cloud Dollar, which is said to be the first stablecoin launched by a credit union in the United States.

The stablecoin was co-developed by Metallicus and DaLandCUSO and will be integrated into the credit union's banking system to provide members with instant, low-cost transactions.