U.S. Bank advances USBDC stablecoin plans with live cross-border payment test

U.S. Bank has completed a live cross-border payment transaction as it evaluates the potential launch and use of its USBDC stablecoin, CoinDesk reported. The fifth-largest U.S. commercial bank said it is exploring USBDC for treasury payments, liquidity management and collateral. The completed transaction marks a further step in the bank’s work on the digital asset, although the available information does not specify the transaction’s value, counterparties or timing. The initiative places USBDC within several potential banking applications, including moving funds across borders, managing liquidity and supporting collateral needs. No launch date was provided. The development is relevant to the broader stablecoin market because it involves a major U.S. commercial bank testing a digital-dollar payment use case in a live setting.