#BankOfAmericaGroupPilotsUSBDCStablecoin
Major news in traditional finance! 🚀
U.S. Bank has successfully completed a live pilot test for its proprietary dollar-backed stablecoin, USBDC.
Using the public Stellar blockchain, the bank routed cross-border payments between its entities in North America and Europe 🌐⚡. The successful test covered token minting, redemptions, and essential compliance controls like balance freezing and clawbacks.
This marks one of the first times a major U.S. bank has deployed its own regulated token on a public blockchain to enable 24/7 global treasury and liquidity movement 🏦📲. Big win for institutional crypto adoption! 🎉
#USBDC #CryptoNews #TradFi #Nadeemgujjar143
@NADEEM Gujjar143
$TRX
$TAO
$T
Major news in traditional finance! 🚀
U.S. Bank has successfully completed a live pilot test for its proprietary dollar-backed stablecoin, USBDC.
Using the public Stellar blockchain, the bank routed cross-border payments between its entities in North America and Europe 🌐⚡. The successful test covered token minting, redemptions, and essential compliance controls like balance freezing and clawbacks.
This marks one of the first times a major U.S. bank has deployed its own regulated token on a public blockchain to enable 24/7 global treasury and liquidity movement 🏦📲. Big win for institutional crypto adoption! 🎉
#USBDC #CryptoNews #TradFi #Nadeemgujjar143
@NADEEM Gujjar143
$TRX
$TAO
$T
