SAN FRANCISCO, Calif. — September 16, 2025 — In a landmark move for U.S. banking, St. Cloud Financial Credit Union, together with Metallicus, the core developer of the Metal Blockchain® and a leader in blockchain technology for financial institutions, and DaLand CUSO, will issue Cloud Dollar ($CLDUSD), the nation’s first credit-union-issued stablecoin as a milestone in St. Cloud’s digital asset vault launch. Delivered in-house on a compliance-first stack that connects directly to St. Cloud’s core via DaLand’s Coin2Core®, $CLDUSD puts regulated, always-on digital dollars in members’ hands, keeps deposits on-platform, and positions St. Cloud to set the pace in a fast-evolving market.

The announcement signals regulated digital dollars entering everyday banking, with credit unions poised to deliver them directly to members on compliant, core‑connected rails.

“This milestone is the natural progression of the CU-Digital Asset Vault™ strategy SCFCU has been advancing with DaLand over the past four years,” said Chase Larson, EVP/CLO of St. Cloud Financial Credit Union. “Powered by DaLand’s Coin2Core® offering, the core-integrated platform ensures members can securely vault approved digital assets, now enabling $CLDUSD issuance and automation driven directly from the core. Now, in partnership with Metallicus, we’re extending this safe-keeping-first platform with stablecoin utility enabling transparent, low-cost on-chain money movement—from merchant payouts to member-to-member and institution-to-institution—at a fraction of card-network fees. Our strategic approach supports multiple use cases and gives us the flexibility to evolve as member and market needs change. We plan to open Vault access in Q4 2025, with additional capabilities phased in thereafter.”

“Outside crypto platforms are pulling deposits and activity away from community institutions,” said Marshall Hayner, Co-Founder & CEO of Metallicus. “By issuing $CLDUSD on a compliance-first foundation and connecting it to the core, St. Cloud makes stablecoins useful on day one, regulated, member-facing, and compatible with existing banking rails. It’s a big step in bringing regulated blockchain to America’s credit unions so they can stay competitive and continue serving their members.”

The $CLDUSD stablecoin will be launched through connectivity with DaLand CUSO’s Coin2Core®, providing seamless integration with St. Cloud’s core banking systems for posting, reconciliation, and reporting. $CLDUSD will be issued on Metallicus’ compliant blockchain banking stack on the Metal Blockchain, built with Bank Secrecy Act (BSA), anti–money laundering (AML), and know-your-customer (KYC) controls at its core. Together, Coin2Core® and Metallicus enable credit unions to move from proof-of-concept to live service, launching and managing blockchain-based products with minimal operational lift while meeting the highest regulatory standards.

“Credit unions can't afford to watch digital assets evolve without them - members need trusted institutions to navigate this space safely," said Jeff Levesque, CEO of DaLand CUSO. "Coin2Core® integrates digital asset custody, transactions, and lending directly into existing core systems, so credit unions become the secure bridge between traditional banking and the digital asset economy. We're not just adding crypto services - we're positioning credit unions as essential infrastructure for how money is evolving.”

Beyond stablecoins, Metallicus and DaLand deliver institution-grade blockchain capabilities, private networks, digital identity, and digital-asset services, connected to existing core systems via DaLand’s Coin2Core® and Metallicus’ compliance-first stack. This keeps new services interoperable with other institutions and existing core platforms, helping credit unions stay competitive as digital finance accelerates.

With $CLDUSD, the first U.S. credit union stablecoin, St. Cloud makes regulated digital dollars a standard credit union service: delivered in-house, under bank controls, and available to members at launch.

For more information contact innovation@metallicus.com