US Bank Conducts Live Cross-Border Transfer with Its Own Stablecoin

U.S. Bank has taken another step towards integrating blockchain technology into its operations. The bank recently conducted a live cross-border transfer of its USBDC stablecoin between North American and European entities on the Stellar network.

The transaction was facilitated by the bank's use of its own digital currency, which is pegged to the US dollar and designed for cross-border payments. This marks another significant development in U.S. Bank's efforts to leverage blockchain technology for its customers.