U.S. Bank pilots USBDC stablecoin on Stellar

U.S. Bank completed a live cross-border payment using USBDC, its proprietary dollar-backed stablecoin, the bank announced on Sept. 9. The transaction moved value between U.S. Bank entities in North America and Europe through the Stellar public blockchain. Summary U.S. Bank completed a live USBDC cross-border payment between its North American and European entities. USBDC operated on Stellar while remaining connected to the bank’s finance, risk, and compliance systems. The pilot tested minting, redemption, freezing, and clawback functions through U.S. Bank’s Digital Asset Platform. U.S. Bank is exploring liquidity management, collateral mobility, and cross-border treasury uses after this pilot. U.S. Bank disclosed the Stellar issuer address but provided no transaction value or launch date. The bank presented the transaction as a test of its internally developed digital asset infrastructure. Its announcement did not disclose the amount transferred, settlement time, transaction hash or reserve structure supporting the token. It also did not announce public access to USBDC. The distinction matters because the pilot demonstrated technical and operational capabilities rather than a comme...