US Bancorp executes first live transaction using dollar-backed USBDC stablecoin
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9 Articles
US Bancorp executes first live transaction using dollar-backed USBDC stablecoin
Sept 9 (Reuters) - U.S. Bancorp said on Wednesday it completed a live pilot transaction using its proprietary U.S. dollar-backed stablecoin, USBDC as lenders race to develop blockchain-based payment networks with stablecoins gaining wider adoption. H...
US Bank Tests Stablecoin for Real-Time Cross-Border Payments on Stellar
US Bank has completed a live pilot of its proprietary USBDC stablecoin, testing real-time cross-border payments between its North American and European operations on the Stellar blockchain. The initiative represents a significant development in the use of bank-issued, dollar-backed digital currencies on public blockchain infrastructure. The pilot, conducted on September 9, tested the stablecoin across […]
US Bank is testing the issue of a custom stable on the Stellar public network, in collaboration with the Stellar Development Foundation and PwC. The initiative seeks to assess how a bank can issue and manage tokenized money for payments and other operations, although there is no confirmation of a widespread commercial launch.
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Cryptocurrency News | Cryptocurrency Prices | Market CapUS Bank tests USBDC stablecoin for cross-border payments on Stellar blockchain
US Bank completes a live USBDC stablecoin pilot on Stellar blockchain for cross-border payments, becoming one of the first major banks to issue a
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