America's Sixth-Largest Bank Launches Dollar-Backed Stablecoin for Cross-Border Transfers

America's Sixth-Largest Bank Launches Dollar-Backed Stablecoin for Cross-Border Transfers

U.S. Bank completed a live pilot of its USBDC stablecoin on the Stellar blockchain, enabling a cross-border payment between its North American and European entities while integrating with core banking controls.

U.S. Bank Launches Its Own Stablecoin and Beats Wall Street's Joint Venture to Market

U.S. Bank Launches Its Own Stablecoin and Beats Wall Street's Joint Venture to Market

U.S. Bank Launches USBDC Stablecoin

U.S. Bank today announced the successful execution of a live pilot transaction utilizing USBDC, the bank's proprietary U.S. dollar-backed stablecoin, to enable a cross-border payment between U.S. Bank entities in North America and Europe. As one of the first bank-issued stablecoins deployed on a public blockchain, USBDC promises the potential of leveraging a new technology to bridge gaps in the global banking system with 24/7 transaction capabil…

America’s Sixth-Largest Bank Launches Dollar-Backed Stablecoin for Cross-Border Transfers

A major billion-dollar bank is executing a live pilot of its proprietary dollar-backed stablecoin on a public blockchain to move funds across borders. U.S. Bank, which is headquartered in Minneapolis, Minnesota, says the transaction was completed on the Stellar network between its North American...