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U.S. Bank USBDC stablecoin pilot stories

Sep 9, 2026

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

U.S. Bank, the fifth-largest commercial bank in the United States, successfully completed a live cross-border payment pilot using its proprietary dollar-backed USBDC stablecoin on the Stellar blockchain. The transaction moved funds between the bank's North American and European entities while remaining integrated with existing risk and compliance management systems.

Sep 9, 2026·7 sources
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Top claims

  • ▪U.S. Bank's internally developed Digital Asset Platform validated minting, payment, redemption, freezing, and clawback functions during the USBDC 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.
  • ▪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.

Subtopics

Institutional crypto adoptionBlockchain technologyCrypto & banking regulationStablecoinsSmart contract platforms

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