US Bank Tests Stablecoin on Stellar for Cross-Border Payments

U.S. Bank has completed a test payment using its dollar-backed stablecoin, USBDC. The transaction connected North America and Europe through the Stellar blockchain network, marking an early step toward broader stablecoin adoption among traditional banks.

The pilot moved digital assets across borders while staying inside U.S. Bank's compliance framework. The Minneapolis-based lender built USBDC through a 2025 partnership with Stellar and PwC.

U.S. Bank also participates in Open USD, a growing global stablecoin consortium spanning more than 140 banks, fintechs, and crypto companies.