Bullish
U.S. Bank pilots USBDC stablecoin for cross-border payments on Stellar
U.S. Bank has completed a live pilot using its USBDC stablecoin on the Stellar blockchain, facilitating a cross-border payment between its North American and European entities. This marks a significant step in integrating traditional banking with blockchain technology.
Key points
- U.S. Bank's successful pilot demonstrates the viability of using stablecoins for cross-border transactions on public blockchains.
- The pilot tested essential functions such as minting, redemption, freezing, and clawback, integrating with the bank's existing risk management and compliance systems.
- While the pilot is a positive development, it does not yet confirm full-scale issuance or sustained transfer volume.
Sources
- U.S. Bank completes cross-border stablecoin pilot on Stellar blockchainStreetInsider · September 9, 2026
- U.S. Bank completes stablecoin pilot for cross-border paymentInvesting.com · September 9, 2026
- U.S. Bank completes cross-border USBDC pilot on Stellar BlockchainKuCoin · September 9, 2026
- Stellar: U.S. Bank's USBDC Stablecoin Runs Live Pilot on the NetworkTradingView News · September 9, 2026
AI-generated from public news sources. Not financial advice.
