U.S. Bank Pilots Regulated Stablecoin on Stellar Network with PwC
U.S. Bank is testing custom stablecoin issuance on the stellar network in collaboration with PwC, marking a significant step toward establishing bank-grade infrastructure for regulated deposit tokens. The Stellar network was chosen for its compliance features, including transaction freezing and unwinding capabilities, which align with regulatory standards.
This pilot underscores a broader institutional shift from theoretical innovation to practical deployment of programmable money in digital banking. The initiative, announced on the U.S. Bank Money 20/20 podcast, focuses on creating a secure, regulated environment for digital assets, potentially reshaping how financial institutions handle money movement.