U.S. Bank tests proprietary stablecoin in cross-border Stellar transaction
U.S. Bank completed a live cross-border payment using its proprietary USBDC stablecoin on the Stellar blockchain. The pilot transferred funds between U.S. Bank entities in North America and Europe and tested minting, redemption, freezing, and clawback features while connecting the stablecoin to the bank’s existing risk, compliance, and operations systems. The test validated U.S. Bank’s Digital Asset Platform, which links tokenized assets to traditional banking infrastructure. The bank says it is exploring uses such as cross-border treasury, liquidity management, and onchain collateral movement. The pilot fits into a wider push into digital assets, including a dedicated Digital Assets and Money Movement unit. It also comes as major banks and financial firms increasingly develop their own stablecoin projects for payments and settlement.
