Briefly

  • U.S. Bank sent real dollars from North America to Europe on Stellar.

  • The bank retained the power to freeze the token and take it back.

  • It bypassed 21 banks on Wall Street’s shared coin and issued its own coin.

Read the original story: A U.S. bank transfers real dollars on a public blockchain, but the switch is written by Lockridge Okoth on fi.beincrypto.com