#BankOfAmericaGroupPilotsUSBDCStablecoin
Major news in traditional finance! đ
âU.S. Bank has successfully completed a live pilot test for its proprietary dollar-backed stablecoin, USBDC.
âUsing the public Stellar blockchain, the bank routed cross-border payments between its entities in North America and Europe đâĄ. The successful test covered token minting, redemptions, and essential compliance controls like balance freezing and clawbacks.
âThis 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 đŠđČ. Big win for institutional crypto adoption! đ
â#USBDC #CryptoNews #TradFi #Nadeemgujjar143
@NADEEM Gujjar143
$TRX
$TAO
$T
Major news in traditional finance! đ
âU.S. Bank has successfully completed a live pilot test for its proprietary dollar-backed stablecoin, USBDC.
âUsing the public Stellar blockchain, the bank routed cross-border payments between its entities in North America and Europe đâĄ. The successful test covered token minting, redemptions, and essential compliance controls like balance freezing and clawbacks.
âThis 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 đŠđČ. Big win for institutional crypto adoption! đ
â#USBDC #CryptoNews #TradFi #Nadeemgujjar143
@NADEEM Gujjar143
$TRX
$TAO
$T