U.S. Bank completed the USBDC stablecoin real-time cross-border payment test

U.S. Bank, the fifth largest commercial bank in the United States (under U.S. Bancorp), announced the successful completion of a real-time cross-border payment test based on its own USD stablecoin USBDC, with transactions completed via the Stellar blockchain between its North American and European entities. As one of the first bank-issued stablecoins deployed on a public blockchain, USBDC is expected to bridge the gap in the global banking system with 24/7 trading capabilities.The pilot validated the functions of USBDC including minting, payment redemption, freezing, and recovery, and tested the bank's internally developed digital asset platform, which serves as the foundation for issuing, managing, and transferring tokenized assets, enabling seamless integration between traditional banking infrastructure and blockchain networks. Gunjan Kedia, Chairman and CEO of U.S. Bank, stated that this real-time pilot demonstrates its ability to accelerate global cash management and fund flows.This test is based on the bank's strategic partnership with the Stellar Development Foundation, with future application scenarios including liquidity management, collateral transfer, and cross-border financial operations. As global stablecoin regulation advances, banks are accelerating their entry into the market. Last week, 21 financial institutions, including Bank of America, Citi, Goldman Sachs, and UBS, announced plans to form a company to issue stablecoins, with the launch of a dollar token expected in the first half of 2027.