U.S. Bank, the fifth-largest commercial bank in the United States, has used its self-developed U.S. dollar stablecoin, USBDC, to run a North America-to-Europe cross-border pilot payment on the public blockchain Stellar.
According to U.S. Bank’s official news dated 2026-09-09 and an IR/Business Wire release, and after verification with reports from Odaily (flash 517039) and Reuters: this transfer took place between the bank’s North American and European entities, using an open public chain rather than a closed private ledger. The pilot covers minting, payment redemptions, freezing, and rollbacks to validate its digital asset platform. The official statement clearly describes this as an internal live pilot and does not provide a customer-facing go-live timeline. Future exploration directions include liquidity management, collateral repositioning, and institutional use cases such as cross-border treasury operations.
The figure is a schematic/AI-generated image, not a screenshot of an official bank interface.
Data as of: 2026-09-09 (U.S. Bank website/IR; verified by Odaily and Reuters on the same date).
For information sharing only and does not constitute investment advice.
#USBDC #Stellar
According to U.S. Bank’s official news dated 2026-09-09 and an IR/Business Wire release, and after verification with reports from Odaily (flash 517039) and Reuters: this transfer took place between the bank’s North American and European entities, using an open public chain rather than a closed private ledger. The pilot covers minting, payment redemptions, freezing, and rollbacks to validate its digital asset platform. The official statement clearly describes this as an internal live pilot and does not provide a customer-facing go-live timeline. Future exploration directions include liquidity management, collateral repositioning, and institutional use cases such as cross-border treasury operations.
The figure is a schematic/AI-generated image, not a screenshot of an official bank interface.
Data as of: 2026-09-09 (U.S. Bank website/IR; verified by Odaily and Reuters on the same date).
For information sharing only and does not constitute investment advice.
#USBDC #Stellar