US Bank Tests Stablecoin Pilot on Stellar Blockchain
US Bank has completed a live pilot of its USBDC stablecoin on the Stellar blockchain. This test enabled real-time cross-border payments between North American and European branches, marking a significant step for bank-issued stablecoins.
The pilot successfully tested the full stablecoin lifecycle and integrated with the bank's existing compliance and risk systems.
US Bank plans to expand the use of USBDC for 24/7 payments, liquidity management, and treasury operations. This move indicates a shift towards open blockchain infrastructure with regulatory controls.