US Bank Tests Proprietary Stablecoin in Cross-Border Stellar Transaction

US Bank has tested the movement of its proprietary stablecoin, USBDC, between the bank’s North American and European entities. The pilot used the public Stellar blockchain for the cross-border transaction, according to Cointelegraph. The test highlights a bank-led application of a digital asset designed for transfers between the institution’s own operations across regions. No further details about the transaction, including its value, timing, or the specific entities involved, were provided in the supplied report. The trial is relevant to the Stellar network and its native asset, XLM, because the transaction was conducted on the public blockchain. It also adds to market attention around how financial institutions may use stablecoins for internal or cross-border settlement activity. The pilot’s completion does not indicate a broader rollout or commercial availability of USBDC.