U.S. Bank Tests Programmable Money on Stellar Blockchain

U.S. Bank, a major financial institution in the United States, is piloting the issuance of custom stablecoins on the Stellar blockchain network in collaboration with PwC and the Stellar Development Foundation (SDF). This initiative aims to demonstrate how banks can safely issue programmable digital currency on a public blockchain while meeting strict regulatory requirements. U.S. Bank chose Stellar for its robust compliance features, such as asset freezing capabilities and transaction unwinding, which align with essential banking regulations like Know-Your-Customer (KYC) protocols. !