ME News reports that on September 9 (UTC+8), U.S. Bank, a subsidiary of U.S. Bancorp and the fifth-largest commercial bank in the United States, announced the successful completion of a cross-border payment test using its proprietary USD stablecoin, USBDC. The transactions were executed via the Stellar blockchain between its North American and European institutions. The pilot tested USBDC’s minting, redemption, freezing, and recovery functions, and validated the bank’s internally developed digital asset platform that connects the blockchain network with its financial, compliance, risk management, and operational systems. Previously, in November 2025, the bank announced a collaboration with the Stellar Development Foundation to explore the issuance of a customized stablecoin. U.S. Bank stated it is exploring potential applications for USBDC in cross-border fund management, liquidity management, and collateral transfers, but did not disclose a timeline for customer access. (Source: Foresight News)
U.S. Bank Completes USBDC Stablecoin Cross-Border Payment Test via Stellar
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Summary
U.S. Bank, a major U.S. financial institution, announced on September 9 (UTC+8) the completion of a cross-border payment test using its USD-backed stablecoin, USBDC. The test, conducted between North American and European operations via the Stellar blockchain, evaluated minting, redemption, freezing, and recovery functions. The bank also tested its internal digital asset platform, which integrates blockchain with financial and compliance systems. This represents a significant development in digital asset news, as U.S. Bank continues to explore on-chain solutions for cross-border fund and liquidity management. The bank previously partnered with the Stellar Development Foundation in November 2025 to explore stablecoin issuance.
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