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.