The live payment linked the bank's North American and European entities while testing minting, redemption and issuer controls.
- U.S. Bank successfully conducted a pilot cross-border payment using its USBDC stablecoin between its North American and European entities on the Stellar blockchain.
- The internal test validated the bank's ability to manage token minting, redemption, freezing, and clawback, while integrating with existing financial infrastructure.
- While demonstrating institutional capabilities, the pilot was an intercompany transaction with no customer access or commercial rollout date disclosed.
Topics: Banks bankingsystems, Blockchain usage, Payment system integration, 28 1 custody asset servicing, 6 3 non evm chains, 15 3 cross border settlement
Tags: #usbank #usbdc #stellar #crossborderpayment #stablecoin #pilot #intercompany #blockchain #digitalassetplatform