U.S. Bank tests proprietary stablecoin in cross-border Stellar transaction

60-second summary

U.S. Bank pilots its own stablecoin, USBDC, by transferring the token across its North American and European subsidiaries on the public Stellar blockchain, demonstrating a cross‑border settlement in real time. The test showcases Stellar’s low‑cost, near‑instant infrastructure and suggests banks may adopt proprietary digital assets to streamline international payments, potentially boosting demand for blockchain‑based settlement solutions.