US Bancorp executes first live transaction using dollar-backed USBDC stablecoin

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...

U.S. Bank takes next step towards launching its stablecoin with cross-border payment test

Top U.S. Bank Puts Its Own Stablecoin Live on Stellar Blockchain News ETHNews

U.S. Bank ran a live cross-border payment with its own dollar-backed token, USBDC, on the public Stellar network. The pilot tested minting, redemption, freezing and clawback, giving the bank a reversal switch on an open chain. USBDC stays internal for now, with no commercial launch date attached. The transaction lands days before Circle Arc’s mainnet […]

Public Rails, Private Controls: U.S. Bank Completes Landmark USBDC Test

Summary: U.S. Bank completed a live USBDC transaction between North America and Europe. Stellar provided the blockchain infrastructure for the […]

USBDC Stablecoin Pilot Tests U.S. Bank Cross-Border Payments

TLDR: The USBDC stablecoin completed a live cross-border transaction between U.S. Bank entities in North America and Europe through the Stellar blockchain. The test covered minting, payment redemption, freezing and clawback functions while validating links to finance, compliance, risk and operations systems. U.S. Bank is reviewing the token for cross-border treasury operations, liquidity management and [...]