US Bank’s Stellar stablecoin moves into a live US-EU cross-border pilot
Photo: The Cryptonomist
US Bank has chosen Stellar for its USBDC stablecoin , with asset freezing, clawback functionality and compliance requirements among the reasons behind the decision. Information shared by Tokenicer points to a network choice driven by the operational needs of regulated banking. The bank’s head of digital assets explained the selection in the discussion referenced by Tokenicer. Moving past the proposal stage, US Bank has already put USBDC through a live cross-border pilot that involved its entities in both the US and the EU.
Source: The Cryptonomist
