US Bank tests cross-border USBDC transfer between its North American and European entities

US Bank has tested a cross-border payment involving USBDC, its digital currency, on the Stellar network. The live transaction connected the bank’s North American and European entities, according to CryptoSlate. The exercise focused on the operational processes behind the asset, including minting, redemption and controls applied by the issuer. While the test demonstrated movement between the bank’s entities across regions, it remained within US Bank’s own organization rather than involving external participants. The transaction therefore provided a controlled setting for examining how USBDC could be issued, redeemed and transferred across internal borders. Stellar’s role in the trial places XLM’s network in the context of institutional experimentation with blockchain-based payments, although the supplied information does not indicate any broader rollout or change in USBDC’s availability. No details were provided on transaction volumes, timing beyond the report’s publication, or the asset’s market impact.