Bank Completes Live USBDC Stablecoin Pilot on Stellar | Stablecoins crypto adoption

U.S. Bank completed a live cross-border pilot of USBDC, its proprietary U.S. dollar-backed stablecoin, on the Stellar blockchain after launching it on Sept. 9. The bank said the pilot transferred value between its North America and Europe entities while staying connected to its finance, risk, compliance, and operations systems. In its announcement, U.S. Bank described USBDC as among the first stablecoins issued by a bank deployed on a public blockchain, though it clarified the test was internal and the token is not indicated as generally available to customers. The trial evaluated minting, redemption, freezing, and clawback functions via its Digital Asset Platform. U.S. Bank did not disclose the transfer’s value.