U.S. Bancorp executed a live pilot transaction using its proprietary USBDC stablecoin on the Stellar blockchain during Wednesday morning's session. The cross-border transfer between United States and European bank entities marks a push into blockchain-based payment networks. Lenders are accelerating digital asset initiatives as stablecoin adoption widens across global markets.
US Bancorp completes live stablecoin pilot
US Bancorp executed its first live pilot transaction using the USBDC stablecoin for a cross border transfer on the Stellar blockchain. The bank tested digital asset capabilities including minting and redemption as lenders develop blockchain payment networks.
Xurve View
Insights:
Xurve View
