US Bank Tests Dollar Stablecoin on Stellar Blockchain, Emphasizing Regulatory Compliance

US Bank has begun a pilot testing of a bank-backed digital dollar on the Stellar public blockchain. This marks one of the first instances of a major U.S. lender exploring stablecoin payments through an open network with built-in regulatory safeguards. The trial, conducted in collaboration with the Stellar Development Foundation and PwC, aims to examine whether mainstream banks can safely handle dollar transactions using public ledgers while maintaining the ability to freeze assets or reverse transactions when necessary, as requested by regulators or courts.