Wire · technology
US Bank tests proprietary stablecoin in cross-border Stellar transaction
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Fusion42 · 10 September 2026 · Fusion42 review
U.S. Bank has completed a live cross-border payment using its proprietary USBDC stablecoin on the Stellar blockchain, testing minting, redemption, freezing, and clawback functions while integrating with existing banking systems. The bank is exploring further uses including cross-border treasury operations, liquidity management, and collateral movement onchain.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
U.S. Bank has opened a path for integrating traditional banking with blockchain-based stablecoins, creating a new way for fintech founders to offer compliant cross-border payments and liquidity services this year.
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1 source · 10 Sep 2026
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