U.S. Bank completes stablecoin pilot transaction 09 September 2026US Reporter: Matthew Challis
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U.S. Bank has executed a live pilot transaction using its proprietary US dollar-pegged stablecoin, USBDC, conducted on the open-source Stellar blockchain.
The initiative enabled a cross-border payment between U.S. Bank entities in North America and Europe.
The pilot evaluated minting, payment redemption, freezing, and clawback capabilities, supported by U.S. Bank’s digital asset platform as the foundation for issuing, managing, and moving tokenised assets.
The bank says USBDC has the potential to bridge “gaps in the banking system” with 24/7 transaction capabilities, transferring value onchain while integrating with its core finance, risk, compliance, and operations infrastructure.
Regarding the initiative, Gunjan Kedia, chairman and CEO at U.S. Bank, says: “This live pilot demonstrates our ability to accelerate global cash management and money movement capabilities.
“We are excited to create value for our clients and harness the power of a new technology within the banking system.”
Jamie Walker, head of digital assets and money movement at U.S. Bank, adds: “This pilot is another step forward in our broader digital asset strategy.
“Our focus remains on delivering solutions that solve real client challenges while maintaining the safety, security, and reliability that clients expect from U.S. Bank.”
The transaction builds on the relationship between U.S. Bank and the Stellar Development Foundation, as the firms plan to continue evaluating opportunities to enhance global client money movement.
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