U.S. Bank tests proprietary stablecoin in cross-border Stellar transaction
The pilot moved USBDC between the bank’s North American and European entities on the public Stellar blockchain.
The pilot moved USBDC between the bank’s North American and European entities on the public Stellar blockchain.
U.S. Bank, the fifth-largest commercial bank in the United States, has completed a live cross-border payment using its proprietary USBDC stablecoin on the Stellar blockchain.
The pilot moved funds between U.S. Bank entities in North America and Europe, with USBDC issued and transferred on the public Stellar network. It also tested the stablecoin’s minting, redemption, freezing and clawback functions while integrating with the bank’s existing risk, compliance and operations systems.
The country’s sixth-largest financial institution by assets, U.S. Bank has been testing custom stablecoin issuance on Stellar since at least November 2025, working alongside PwC and the Stellar Development Foundation.