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

U.S. Bank has completed a live cross-border payment using its proprietary dollar-backed USBDC stablecoin, marking a significant milestone in the bank's digital asset strategy.

The transaction was conducted on the public Stellar blockchain and involved transferring funds between U.S. Bank entities in North America and Europe. The pilot also tested how USBDC payments can operate alongside the bank's existing financial and operational systems.

U.S. Bank used its in-house-built Digital Asset Platform to support the operations, which included minting USBDC, processing payments, and redeeming the stablecoin. The platform provides the technical foundation for issuing, managing, and transferring tokenized assets and connects legacy banking infrastructure with supported blockchain networks.