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U.S. Bank completed a live cross-border payment using its dollar-backed stablecoin, USBDC, on the Stellar (XLM) blockchain.
đ The transaction was conducted between U.S. Bank entities in North America and Europe, marking another step toward a potential stablecoin launch.
đ„ The pilot tested stablecoin minting, redemption, freezing, and token clawbacks for compliance and risk management.
đ° U.S. Bank is exploring USBDC for cross-border treasury payments, liquidity management, and collateral transfers.
đ The move highlights growing institutional adoption of stablecoins, with major banks increasingly building blockchain-based payment infrastructure.
â ïž U.S. Bank has not announced a timeline for making USBDC commercially available to clients.
$XLM
#U.S. #XLM
U.S. Bank completed a live cross-border payment using its dollar-backed stablecoin, USBDC, on the Stellar (XLM) blockchain.
đ The transaction was conducted between U.S. Bank entities in North America and Europe, marking another step toward a potential stablecoin launch.
đ„ The pilot tested stablecoin minting, redemption, freezing, and token clawbacks for compliance and risk management.
đ° U.S. Bank is exploring USBDC for cross-border treasury payments, liquidity management, and collateral transfers.
đ The move highlights growing institutional adoption of stablecoins, with major banks increasingly building blockchain-based payment infrastructure.
â ïž U.S. Bank has not announced a timeline for making USBDC commercially available to clients.
$XLM
#U.S. #XLM
