#USBankCompletesCrossBorderPaymentPilotOnStellar

The U.S. Bank has completed its first live cross-border payment on the Stellar network using the USBDC stablecoin 🎉

### Pilot details - Sept 9, 2026

- What happened: USBDC, $USDC U.S. Bank’s proprietary 1:1 USD-backed stablecoin, was transferred between U.S. $NVDA.US Bank entities in North America and Europe

- Network: Used the public Stellar blockchain

- Why it’s special: This is among the first bank-issued stablecoins that ran live on a public blockchain d5f1b36b

### What was tested in the pilot?

U.S. Bank conducted a full lifecycle check through its Digital Asset Platform:

1. Mint - issue USBDC $USB.US

2. Payment - Cross-border transfer

3. Redemption - Wapas USD #CryptoLiquidations$674MIn24H mein redeem

4. Freeze and Clawback - Freeze tokens / take them back for compliance d5f13493

Everything was integrated with the bank’s existing finance, risk, compliance, and operations systems b36b

### Why Stellar?

Stellar was chosen because:

- Speed: 3-5 seconds settlement

- Cost: Sub-cent fees

- Compliance: There are protocol-level freeze and clawback flags that give the bank sanctions/fraud controls

- Uptime: ~99.99% over a decade b7e784da

The partnership started in Nov 2025 with PwC and the Stellar Development Foundation 0571b7e7

### What’s next?

U.S. Bank is now exploring:

- Cross-border treasury operations

- Liquidity management 24/7

- Collateral mobility on-chain d5f10571

CEO Gunjan Kedia said: "This live pilot demonstrates our ability to accelerate global cash management and money movement capabilities" d5f1

#CanadaOSFISaysTokenizedDepositsEqualTraditionalDeposits #US2YearYieldRisesTo4.61%

Banks are entering the $300B stablecoin market. BoA, Citi, and Goldman are also forming a consortium to launch dollar tokens in 2027. This U.S. Bank pilot is for treasury plumbing, not for a consumer wallet d5f18c8d

U.S. Bank is the 5th largest commercial bank in the U.S. a1a3

Do you think bank-issued stablecoins can replace SWIFT?