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Morning Edition · Saturday, September 12, 2026Published at 1:48 AM EDT · New York
US Bank Settles a Live Cross-Border Payment With Its Own Stablecoin on Stellar
The transfer moved between the bank's North American and European entities and tested minting, redemption and issuer freeze controls, with no external counterparties involved.
US Bank executed a live cross-border payment using its own stablecoin, USBDC, on the Stellar network, moving value between its North American and European entities. The exercise tested minting, redemption and issuer controls. Both sides of…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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