U.S. Bank Tests Proprietary Stablecoin on Stellar Network

U.S. Bank conducted a pilot cross-border payment using its USBDC stablecoin between its North American and European branches on the Stellar network. The test integrated bank risk control and regulatory compliance systems, while verifying token issuance, redemption, freezing, and forced recovery. The bank is exploring this solution for liquidity management and collateral asset movement.