US Bancorp, the fifth-largest commercial bank in the US, has successfully completed a live pilot of its proprietary stablecoin, USBDC. The project was deployed on the Stellar blockchain, enabling a cross-border payment between the bank's North American and European operations.
The pilot tested the full transaction lifecycle, including minting, redemption, and payment execution, while validating integration with the bank's existing digital infrastructure. The token operates on US Bank's Digital Asset Platform, which manages tokenized assets and interfaces with traditional banking systems.
To ensure regulatory compliance, USBDC includes built-in mechanisms for freezing tokens and executing clawbacks. CEO Gunjan Kedia stated that the initiative aims to accelerate global cash management capabilities.
The project's foundation was laid in November 2025 through a collaboration with the Stellar Development Foundation and PwC. Additionally, in October 2025, US Bank became the custodian for reserves backing stablecoins issued by Anchorage Digital Bank.
While there is no established timeline for a commercial rollout, the bank intends to use stablecoins for liquidity management and 24/7 payment systems to optimize corporate treasury operations.
