U.S. Bank launches USBDC, a regulated digital dollar on Stellar. The top-5 US bank issued its own stablecoin on a public blockchain in September 2026, enabling 24/7 customer money movement with bank-controlled compliance features like minting, burning, and clawback.
U.S. Bank launched USBDC in September 2026, issuing its own stablecoin on Stellar's public blockchain. As a top-5 US bank, U.S. Bank could have used existing stablecoins like USDC but chose to build their own platform to maintain compliance control and regulatory clarity. The pilot tested cross-border transactions between US and Europe, exercising minting, burning, freezing, and clawback capabilities that any regulated issuer needs. Jamie Walker, leading the bank's digital assets group, emphasized that institutional clients expect 24/7 settlement capabilities that traditional fiat rails don't provide. The choice of an open public network over private infrastructure signals growing institutional confidence in transparent, auditable systems—a significant milestone for Stellar's evolution from crypto-native to enterprise infrastructure.
