U.S. Bank completes cross-border stablecoin pilot on Stellar blockchain

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Go back to U.S. Bank completes cross-border stablecoin pilot on Stellar blockchain

U.S. Bank Launches USBDC Stablecoin

September 9, 2026 7:00 AM EDT

Launch demonstrates the bank's ability to move funds on-chain while leveraging traditional banking system controls and risk management

MINNEAPOLIS--(BUSINESS WIRE)-- 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 capabilities.

The pilot transaction... More