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

U.S. Bank has successfully completed a live cross-border payment using its proprietary stablecoin, USBDC, on the Stellar blockchain.

The test, which took place between U.S. Bank entities in North America and Europe, demonstrated the capabilities of the stablecoin's end-to-end lifecycle functions, including minting and redemption, as well as administrative controls such as freezing and clawback.

U.S. Bank has been testing custom stablecoin issuance on Stellar since at least November 2025, working alongside PwC and the Stellar Development Foundation.

The bank's goal is to validate whether a stablecoin-based rail can support regulated banking workflows for cross-border treasury and settlement activity.