U.S. Bank completes live cross-border payment using USBDC stablecoin on Stellar blockchain

U.S. Bank has successfully completed a live cross-border payment pilot using its proprietary, dollar-backed USBDC stablecoin on the public Stellar blockchain. The transaction moved value between entities in North America and Europe, validating the bank's internally developed Digital Asset Platform. The platform successfully integrated on-chain minting, redemption, freezing, and clawback functions with U.S. Bank's core compliance and risk systems. While the stablecoin remains closed to the public, the bank is exploring institutional applications like 24/7 liquidity management and collateral mobility.

USBDC stablecoin cross-border payment pilot

• ▪The USBDC stablecoin remains a closed instrument restricted to U.S. Bank's internal settlements and treasury operations, with no public or commercial rollout timeline announced.
• ▪U.S. Bank did not disclose the specific transaction value, settlement time, transaction hash, or reserve structure of the USBDC stablecoin pilot.
• ▪U.S. Bank completed a live pilot transaction using its proprietary, U.S. dollar-backed USBDC stablecoin to execute a cross-border payment between its North American and European entities.

Stellar blockchain integration

• ▪U.S. Bank executed the live USBDC stablecoin pilot on the Stellar public blockchain network.
• ▪The Stellar Development Foundation and U.S. Bank have been collaborating on custom stablecoin issuance and regulated deposit token infrastructure since at least November 2025.
• ▪U.S. Bank disclosed the Stellar issuer address tied to the USBDC pilot, allowing outside parties to monitor the account.

Digital Asset Platform capabilities

• ▪U.S. Bank's internally developed Digital Asset Platform validated minting, payment, redemption, freezing, and clawback functions during the USBDC pilot.
• ▪The Digital Asset Platform connects public blockchain networks with U.S. Bank's core finance, risk, compliance, and operations systems.

U.S. Bank digital asset strategy

• ▪U.S. Bank is exploring future institutional applications for USBDC, including liquidity management, collateral mobility, and cross-border treasury operations.
• ▪U.S. Bank established a dedicated Digital Assets and Money Movement unit in October 2025 to focus on stablecoin issuance, crypto custody, and asset tokenization.

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