Summary
- Saint Cloud Financial Credit Union (SCFCU), a Minnesota-based credit union with $400 million in assets, said it will launch the first stablecoin from a U.S. credit union within the year.
- The stablecoin will be called 'Cloud Dollar (CLDUSD)' and is planned to be issued on Metallicus's blockchain banking infrastructure, the Metal Blockchain.
- The project is seen as an example of a credit union entering the digital asset market and seeking new investment opportunities.
On the 10th (local time), according to CoinDesk, a media outlet specializing in crypto assets (cryptocurrencies), Saint Cloud Financial Credit Union (SCFCU), a Minnesota-based credit union with $400 million in assets, plans to launch the first stablecoin from a U.S. credit union, 'Cloud Dollar (CLDUSD)', within the year.
CLDUSD is scheduled to be issued on Metallicus's blockchain banking infrastructure, the Metal Blockchain.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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