U.S. Bank Pilots USBDC Stablecoin for Cross-Border Payments on Stellar

TLDR: U.S. Bank tested USBDC, its dollar-backed stablecoin, for a North America to Europe payment. The pilot ran on the Stellar blockchain under a 2025 partnership between U.S. Bank and PwC. U.S. Bank joins Open USD, a stablecoin consortium spanning more than 140 banks and fintech firms. Cornerstone’s DeSanctis expects bank consortiums, not solo coins, [...]

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