Major US Bank US Bancorp Tests Its Own Stablecoin on Stellar

On the 25th, US Bancorp announced that it is testing its own stablecoin on the public blockchain Stellar. The reason US Bank chose Stellar is due to its security and transaction management capabilities. Mike Villano, Senior Vice President at the bank, praised Stellar's platform for its fundamental operational layer that includes asset freezing and online transaction management capabilities. Stellar is a public blockchain designed for financial services, specializing in payments and tokenized assets. It is also used by Circle, the issuer of the second-largest stablecoin USDC, and global asset management firm Franklin Templeton...