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

Bullish-27.35%

9 Sep, 16:37

Source: Cointelegraph

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U.S. Bank successfully tested its proprietary stablecoin USBDC in a live cross-border transaction on the Stellar blockchain, demonstrating institutional adoption of blockchain for payments.

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

The pilot moved USBDC between the bank’s North American and European entities on the public Stellar blockchain.