U.S. Bank Advances Stablecoin Plans With Cross‑border USBDC Payment Test

TL;DR

• U.S. Bank completed a live transaction with its USBDC stablecoin between entities in North America and Europe over the Stellar network.
• The pilot validated token minting, redemption, and recovery functions, as well as the bank’s internal digital asset platform.
• The bank is exploring uses of USBDC in cross-border treasury, liquidity management, and collateral movement. No commercial launch date has been set.

U.S. Bank, the fifth largest commercial bank in the United States, announced that it completed a live transaction using its own stablecoin, called USBDC and backed by the U.S. dollar, between bank entities in North America and Europe. The operation ran on the Stellar blockchain and was confirmed through an official press release.

The pilot included the minting and redemption of USBDC tokens, as well as the execution of freezing and fund recovery mechanisms. It also validated the Digital Asset Platform, developed internally by the bank, which connects blockchain networks with its finance, regulatory compliance, risk management, and operations systems.

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