On the 9th, US Bank, a major American bank, announced the completion of a pilot transaction using its proprietary USD-backed stablecoin, 'USBDC', on the Stellar blockchain. The transaction involved cross-border payments between the bank's North American and European branches, marking one of the initial cases of a bank-issued stablecoin deployed on a public blockchain.
During the pilot, functions such as issuance, settlement, redemption, freezing, and forced redemption of funds were tested. As a result, the company responsible for the tokenization and transfer of assets...
