U.S. Bank issued USBDC on Stellar and used it for a live cross-border payment between its North American and European entities.

The fifth-largest U.S. commercial bank said it is exploring USBDC stablecoin for treasury payments, liquidity management and collateral after completing a live transaction.

US Bank completes a live USBDC stablecoin pilot on Stellar blockchain for cross-border payments, becoming one of the first major banks to issue a