TREE NEWS update: U.S. Bank said it completed a cross-border payment between entities in North America and Europe on Sept. 9 using its own dollar stablecoin, USBDC, on the public Stellar blockchain. The transfer ran on an open network rather than a closed private ledger while staying connected to the bank’s existing systems. CEO Gunjan Kedia said the pilot demonstrates faster global cash management and fund movement; the bank, with $445.4 billion in assets under management as of June 2026, said its digital asset platform can assess stablecoin minting, payment redemption, freezing and rollback functions.
U.S. Bank Moves Its Own Stablecoin USBDC Cross-Border on Stellar
AI take
A large U.S. bank routing its own dollar stablecoin over a public chain rather than a permissioned ledger is the notable shift here, since it tests whether open networks can meet bank-grade controls. The emphasis on freezing and rollback functions signals that compliance tooling, not speed, is the real gating factor for institutional issuance. Whether this stays a pilot or becomes recurring cross-border infrastructure is the open question.
Generated by AI for reference only.
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