{"id":77991,"date":"2026-09-10T19:55:14","date_gmt":"2026-09-10T19:55:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/163-year-old-us-bank-just-moved-its-own-stablecoin-across-europe\/"},"modified":"2026-09-10T19:55:14","modified_gmt":"2026-09-10T19:55:14","slug":"163-year-old-us-bank-just-moved-its-own-stablecoin-across-europe","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/163-year-old-us-bank-just-moved-its-own-stablecoin-across-europe\/","title":{"rendered":"163-Year-Old US Bank Just Moved Its Own Stablecoin Across Europe"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">U.S. Bank put USBDC to work Sept. 9, sending its own stablecoin across borders on Stellar.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The 163-year-old financial institution, a top-5 U.S. lender, took the rare route of moving its own digital dollar on a public chain.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">U.S. Bank says the Sept. 9 test is another step toward putting its Digital Asset Platform to real use.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>U.S. Bank Takes Its Own Stablecoin Onto a Public Blockchain<\/h2>\n<p>The banking industry is very much involved with blockchain and stablecoins these days, and on Wednesday, U.S. Bank said it <a href=\"https:\/\/www.usbank.com\/about-us-bank\/news-and-stories\/article-library\/us-bank-launches-usbdc-stablecoin.html\" target=\"_blank\" rel=\"noopener noreferrer\">leveraged a dollar-pegged stablecoin USBDC<\/a> to complete a \u201ccross-border payment between U.S. Bank entities in North America and Europe.\u201d<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/us-bank-powers-back-into-bitcoin-custody-with-11-7t-institutional-strength\/\">The financial institution<\/a> is no small player in traditional finance (TradFi). The 163-year-old bank has been around since Abraham Lincoln\u2019s administration, and as of June 2026, the bank\u2019s assets under management (AUM) stand at $445.4 billion. Interestingly, the Stellar-based transfer was not done on a close private ledger, as USBDC traveled on an open network while staying wired into the bank\u2019s existing systems.<\/p>\n<p>\u201cThis live pilot demonstrates our ability to accelerate global cash management and money movement capabilities,\u201d Gunjan Kedia, the chairman and chief executive officer\u202fat U.S. Bank, explained during the announcement. \u201cWe are excited to create value for our clients and harness the power of a new technology within the banking system.\u201d<\/p>\n<h2>U.S. Bank Says the Stellar Pilot Is Only Another Step<\/h2>\n<p>U.S. Bank also noted that the pilot validates the financial institution\u2019s infrastructure, dubbed the \u201cDigital Asset Platform.\u201d This technology or suite \u201cevaluates minting, payment redemption, freezing and clawback capabilities,\u201d U.S. Bank disclosed. Almost no large bank has done the same thing. A lot of financial institutions have done similarly adjacent things.<\/p>\n<p>The closest things to the USBDC move would be projects like Soci\u00e9t\u00e9 G\u00e9n\u00e9rale\u2019s <a href=\"https:\/\/news.bitcoin.com\/societe-generale-forge-deploys-mica-compliant-eur-coinvertible-stablecoin-on-stellar\/\">EURCV and USDCV<\/a> via SG-FORGE, SoFi Bank\u2019s SoFiUSD, or Custodia Bank\u2019s and Vantage Bank\u2019s Avit. JPMorgan runs JPMD on Coinbase\u2019s public Base network, but insists it is a deposit token, not a stablecoin. Prior to U.S. Bank\u2019s news, earlier this week, <a href=\"https:\/\/news.bitcoin.com\/blockchain\/citi-dbs-send-tokenized-usd-in-minutes-as-tradfi-rails-sleep\/\">Citi and DBS sent tokenized USD<\/a> during the weekend using the Swift blockchain network.<\/p>\n<p>The project isn\u2019t coming out of nowhere either. U.S. Bank and the Stellar Development Foundation have already been working together, so this is really another step in that relationship. \u201cThis pilot is another step forward in our broader digital asset strategy,\u201d Jamie Walker, head of Digital Assets and Money Movement at U.S. Bank, stated.<\/p>\n<p>\u201cOur focus remains on delivering solutions that solve real client challenges while maintaining the safety, security, and reliability that clients expect from U.S. Bank,\u201d the bank executive added.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/stablecoins\/163-year-old-us-bank-just-moved-its-own-stablecoin-across-europe\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways U.S. Bank put USBDC to work Sept. 9, sending its own stablecoin across borders on Stellar. The 163-year-old financial institution, a top-5 U.S. lender, took the rare route of moving its own digital dollar on a public chain. U.S. Bank says the Sept. 9 test is [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":77992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77991"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=77991"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/77992"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=77991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=77991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=77991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}