U.S. Bank Pilots Stablecoin on Stellar Blockchain

U.S. Bancorp, a leading financial institution with $671 billion in assets under management, has initiated testing of its USD-backed stablecoin on the Stellar blockchain. This move marks U.S. Bank’s entry into a growing trend of banks experimenting with blockchain-based payment rails and tokenized deposits. The stablecoin experiment reflects rising institutional interest in programmable money—digital representations of US dollars that facilitate instant transfers and reduce settlement delays. ]