Credit Union Pioneers First-Ever Stablecoin, Signaling a Shift in Digital Finance
WASHINGTON, D.C. – St. Cloud Financial Credit Union is breaking new ground in the financial sector, becoming the first credit union to launch its own stablecoin. The move, discussed in a recent episode of America’s Credit Unions’ podcast, signals a growing interest and active participation of credit unions in the burgeoning world of digital assets.
The podcast featured Jed Meyer,President and CEO of St. Cloud Financial Credit Union,who detailed the credit union’s initiative and highlighted the potential value of stablecoins and broader digital asset technologies. Meyer emphasized the importance for credit unions to proactively explore these emerging technologies, anticipating a future increasingly shaped by digital finance.
The episode also touched upon the evolving regulatory landscape surrounding digital assets. While specifics weren’t detailed, the conversation underscored the need for credit unions to understand and prepare for forthcoming regulations.
The podcast featured insights from Anthony Demangone, Chief Membership and Engagement officer at America’s credit Unions, alongside Meyer.
Also featured was a guest bio for Carrie Foran Sepulveda, Vice President of Security Strategy at Navy Federal Credit Union. Sepulveda leads the strategic direction for Fraud and Physical Security for Navy federal’s nearly 15 million members, leveraging technology, operations, and investments to combat diverse threats. She previously held leadership roles in Lending and Membership at navy Federal, joining the credit union in 2012 after teaching Algebra in Hawaii as a Teach for America Corps Member. She holds a Bachelor of Science in commerce from the University of Virginia and a Master of Education in Secondary Mathematics from the University of Hawai’i at Manoa.
