U.S. Bank Completes Live Cross-Border Payment Pilot with USBDC Stablecoin

U.S. Bank has successfully completed its live cross-border payment pilot using its proprietary dollar-backed USBDC stablecoin. The transaction, conducted on the public Stellar blockchain, moved funds between U.S. Bank entities in North America and Europe. This milestone marks a significant step forward for the bank's digital asset strategy.

The pilot connected blockchain settlement with the bank's finance, risk, compliance, and operations infrastructure, allowing for seamless transfer of value on-chain without separating it from internal controls. The test evaluated several key functions required for managing a bank-issued digital asset, including minting USBDC, processing payments, redeeming the stablecoin, freezing, and clawback controls.

U.S. Bank's Digital Asset Platform provided the technical foundation for issuing, managing, and transferring tokenized assets, connecting legacy banking infrastructure with supported blockchain networks. The bank plans to launch separate dollar and euro stablecoins in 2026 and 2027, respectively.