U.S Bank Tests Custom Stablecoin Issuance on Stellar Network

U.S. Bancorp Tests Stablecoin on Finance-Focused Blockchain

U.S Bank Tests Custom Stablecoin Issuance on Stellar Network

The nation's fifth-largest commercial bank explores how a bank can issue stablecoins on a public blockchain.

U.S. Bank is Testing Custom Stablecoin Issuance on the Stellar Network

U.S. Bank, PwC, and the Stellar Development Foundation (SDF) unveiled a major step forward in making programmable money bank-grade: U.S. Bank is testing custom stablecoin issuance on the Stellar network. The announcement was made on the U.S. Bank Money 20/20 podcast “The Tokenized Future of Banking.”

U.S. Bank is Testing Custom Stablecoin Issuance on the Stellar Network

U.S. Bank, PwC, and the Stellar Development Foundation (SDF) unveiled a major step forward in making programmable money bank-grade: U.S. Bank is testing custom stablecoin issuance on the Stellar network. The announcement was made on the U.S. Bank Money 20/20 podcast “The Tokenized Future of Banking.” Hear from leaders at U.S. Bank, Stellar Development Foundation, and PwC on what’s next for digital assets here. Cick here to listen “For bank custo…

U.S. Bank Tests Stablecoin Issuance, Viewing Blockchain as ‘Alternative Payment Rail’

U.S. Bank is testing custom stablecoin issuance on the Stellar blockchain network. The bank is collaborating on this project with the Stellar Development Foundation (SDF) and PwC, the organizations said in a Tuesday (Nov. 25) blog post. “It’s another way to move money on a blockchain, and we look at blockchain as an alternative payment rail, and we’re very interested to see what use cases are going to manifest from that and what custom…

U.S. Bank Calls Ability to Freeze Stablecoins ‘Appealing’ as Crypto Has Completely Lost the Plot

U.S. Bancorp, which does business as (and is better known as) U.S. Bank, has begun testing its own stablecoin on the Stellar blockchain. The pilot, detailed in a recent Bloomberg report, focuses on using the token for faster and cheaper cross-border payments while incorporating safeguards like customer verification and transaction reversals. Mike Villano, the bank’s senior vice president for digital asset products, pointed to Stellar’s suitabili…