U.S. Bank Pilots USBDC Stablecoin for Cross-Border Payments on Stellar

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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America's Biggest Banks Are Building One Deposit Token. History Is The Hard Part.

JPMorgan, BofA, Citi and Wells Fargo plan one tokenized deposit network run by The Clearing House in 2027, their first shared answer to the Open USD stablecoin.

• Major US banks (JPMorgan, BofA, Citi, Wells Fargo) are collaborating on a shared tokenized deposit network, aiming for a 2027 launch to compete with stablecoins.
• This initiative addresses the need for a regulated market infrastructure for tokenized deposits, offering programmable treasury, real-time liquidity, and cross-border payments.
• The project faces challenges in interbank cooperation and interoperability, with past consortium failures highlighting the difficulties of shared financial infrastructure.

Topics: Banks bankingsystems, Integration with defi, Public market access, 28 custody asset servicing, 8 1 rwa collateral lending, 16 3 capital flows market impact

Tags: #tokenizeddeposits #theclearinghouse #jpmorgan #bankofamerica #citigroup #wellsfargo #stablecoins #openusd #crossborderpayments #regulatoryframework

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Heath Tarbert Sells $30.8M of Circle Stock in 10 Trades, SEC Records Show

SEC filings show Tarbert’s $30.8M in Circle stock sales followed preset plans, while ARK Invest kept buying CRCL. Circle President Heath Tarbert has sold about $30.8 million worth of company stock since June 2025, according to filings with the U.S. Securities and Exchange Commission (SEC). Every reported transaction was executed under a prearranged Rule 10b5-1 […]

• Circle President Heath Tarbert sold approximately $30.8 million worth of company stock since June 2025, all executed under prearranged Rule 10b5-1 trading plans.
• Despite these sales, Tarbert retains a significant equity stake, largely in the form of restricted stock units, and has expressed long-term confidence in Circle's strategy.
• Concurrently, ARK Invest has been purchasing Circle shares, even as the company faces competition from rivals like Open USD and recent stock price declines.

Topics: Asset types, Institutional adoption, Stablecoins digital cash, Asset manager initiatives

Tags: #circle #heathtarbert #secfilings #stocksales #rule10b51 #arkinvest #crcl #restrictedstockunits #openusd #stablecoin

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