$350M St Cloud CEO: The First Credit Union to Put Bitcoin on Core Ledger | Jed Meyer

Bitcoin Magazine $350M St Cloud CEO: The First Credit Union to Put Bitcoin on Core Ledger | Jed Meyer

A credit union founded by postal workers in 1930 is now custodying real Bitcoin for its members. St. Cloud Financial Credit Union CEO Jed Meyer explains how its patent-pending hybrid custody model gives each member individual Bitcoin ownership in a multisig vault. He also covers how the credit union has grown to more than 20 BTC under custody without even trying.

Chapters: 00:00 St. Cloud Financial Credit Union’s Path to Bitcoin 01:08 Stablecoins, Dollars, and Bitcoin as New Money Networks 02:26 Bitcoin ETF vs. Credit Union Custody: The Hybrid Custody Model 03:18 Bringing Main Street Into Bitcoin With Direct Buy and Sell 04:45 Minnesota Custody Law, NCUA Exams, and the CLARITY Act 07:32 20+ Bitcoin in Member Vaults and Lightning Plans 09:38 What It Takes for a Credit Union to Own Bitcoin 10:57 The Cloud Dollar Stablecoin and the Cooperative Ownership Model 12:59 How Credit Unions Decide Which Digital Assets to Offer 14:10 Educating Skeptics and Why Credit Unions Must Own Their Rails

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This post $350M St Cloud CEO: The First Credit Union to Put Bitcoin on Core Ledger | Jed Meyer first appeared on Bitcoin Magazine and is written by Patrick Green .