U.S. Bank Launches Stablecoin Trial on Stellar Network

U.S. Bank, PwC, and the Stellar Development Foundation are collaborating to launch a pilot program for a stablecoin on the Stellar blockchain network. This initiative aims to streamline internal settlement processes for institutional clients, leveraging Stellar’s custom stablecoin functionality. While initial impact on XLM transaction volume is minimal, this trial underscores the growing adoption of blockchain technology within traditional finance. PwC and SDF provide essential support for compliance and technical aspects, while U.S. Bank leverages its expertise in banking services to develop a new stablecoin solution for regulated financial institutions.