Wire · technology
U.S. Bank's Stablecoin Pilot on Stellar Sends a Clear Signal: Banks Want Their Own Rails
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Fusion42 · 9 September 2026 · Fusion42 review
U.S. Bank completed a pilot cross-border payment using its own USBDC stablecoin on the Stellar blockchain, signalling a strategic move towards proprietary payment rails instead of joining shared platforms like Circle Arc. The pilot tested critical banking functions on blockchain and highlighted competing models for stablecoin settlement networks in the institutional space.
This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it.
◆ ◆ The Wire takeaway
Your payment infrastructure just faced a jolt from U.S. Bank’s own stablecoin pilot on Stellar, showing banks favour bespoke rails over open platforms. Build or partner now before bank-grade blockchain rails make shared networks less relevant.
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3 sources · 9 Sep 2026
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