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3 sourcesTracking since 9 Sept, 11:46

US Bank tests USBDC stablecoin for cross-border payments on Stellar blockchain

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Chronological coverage

10 September
Latest10 Sept, 14:14
U.S. Bank Issues Its Own Stablecoin On Stellar
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.
The Defiant•The Defiant Team
Follow-up10 Sept, 06:10
U.S. Bank pilots USBDC stablecoin on Stellar
U.S. Bank completed a live USBDC payment on Stellar, testing cross-border settlement, minting, redemption, freezing and clawbacks.
Crypto.news•Olivia Stephanie
9 September
First seen9 Sept, 11:46
US Bank tests USBDC stablecoin for cross-border payments on Stellar blockchain
US Bank's stablecoin pilot on Stellar could revolutionize global finance by enabling 24/7 payments and enhancing cross-border operations.
CryptoBriefing•Editorial Team