America’s Sixth-Largest Bank Launches Dollar-Backed Stablecoin for Cross-Border Transfers
A major billion-dollar bank is executing a live pilot of its proprietary dollar-backed stablecoin on a public blockchain to move funds across borders. U.S. Bank, which is headquartered in Minneapolis, Minnesota, says the transaction was completed on the Stellar network between its North American and European entities. The pilot validates the bank’s Digital Asset Platform, […]