U.S. Bank Pilots USD Stablecoin on Stellar Public Blockchain

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

The transaction moved value between U.S. Bank entities in North America and Europe, and was part of a pilot testing the bank's internally developed digital asset infrastructure.

The pilot examined minting, redemption, freezing, and clawback functions through U.S. Bank's Digital Asset Platform, which supported the issuance, transfer, and redemption of USBDC during the transaction.

U.S. Bank is exploring further uses for USBDC, including liquidity management, collateral mobility, and cross-border treasury operations.