US BANK LAUNCHES USBDC STABLECOIN

Summary from the TLDR Fintech newsletter

US Bank launched USBDC, a proprietary US dollar-backed stablecoin, and completed a live cross-border pilot transaction between North American and European entities on the Stellar blockchain. The pilot validates the bank's internally built Digital Asset Platform, including minting, redemption, freezing, and clawback capabilities, positioning US Bank to explore on-chain use cases like liquidity management, collateral mobility, and cross-border treasury operations while keeping traditional banking controls in place.