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US Bank tested a live USBDC payment on Stellar between its North American and European entities. The internal trial examined minting, redemption and issuer controls without involving outside participants.
US Bank tested its proprietary USBDC stablecoin in a transfer between North American and European entities using the public Stellar blockchain, Cointelegraph reported. The pilot connects institutional stablecoin activity with the Stellar network and XLM.
Firelight raised $8 million to expand its DeFi protection protocol beyond XRP. The project aims to help fintechs and investors recover losses from hacks while enabling XRP, bitcoin and XLM holders to earn yield by backing coverage.
Stellar’s tokenized real-world asset market has expanded more than fourfold this year to nearly $4 billion, as institutional adoption and tokenization activity accelerate across the network, Cointelegraph reports.
