U.S. Bank moved real value between its entities in North America and Europe with USBDC, its dollar stablecoin. It did so on Stellar $XLM and, along the way, tested minting, redemption, freeze, and clawback.
The fifth-largest commercial bank in the United States is trialing its own rails on a public network, but with the compliance logic it already uses in its business. I think this is a technical milestone. It also leaves a fairly specific question: how much autonomy does the user have when the token can be frozen?
Source: CoinDesk
#USbank
The fifth-largest commercial bank in the United States is trialing its own rails on a public network, but with the compliance logic it already uses in its business. I think this is a technical milestone. It also leaves a fairly specific question: how much autonomy does the user have when the token can be frozen?
Source: CoinDesk
#USbank
