The bank said Wednesday it moved value between its North American and European entities with USBDC, a dollar-backed token it issued on Stellar. The pilot tested minting, redemption, freezing and clawback. XLM trades at $0.18, down 3.1% on the day.
U.S. Bank completed a live USBDC payment on Stellar, testing cross-border settlement, minting, redemption, freezing and clawbacks.
US Bank's stablecoin pilot on Stellar could revolutionize global finance by enabling 24/7 payments and enhancing cross-border operations.
