TLDR: U.S. Bank tested USBDC, its dollar-backed stablecoin, for a North America to Europe payment. The pilot ran on the Stellar blockchain under a 2025 partnership between U.S. Bank and PwC. U.S. Bank joins Open USD, a stablecoin consortium spanning more than 140 banks and fintec...
- U.S. Bank successfully piloted its dollar-backed stablecoin, USBDC, for a cross-border payment between North America and Europe using the Stellar blockchain.
- This initiative, part of a partnership with Stellar and PwC, aims to provide faster and cheaper international transactions compared to traditional correspondent banking methods.
- The pilot highlights growing institutional interest in stablecoins, with U.S. Bank also participating in the Open USD consortium, suggesting a future trend towards bank-led stablecoin solutions.
Topics: Asset types, Blockchain usage, Payment system integration, Stablecoins digital cash, Non evm chains, Stablecoin payments remittances, Cross border settlement
Tags: #usbank #usbdc #stellar #stablecoin #crossborderpayments #blockchain #pwc #openusd #tokenization
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