U.S. Bank, PwC, and the Stellar Development Foundation announced that U.S. Bank is testing custom stablecoin issuance on the Stellar network, leveraging Stellar's built-in asset controls and reliability for regulated financial institutions.
U.S. Bank, PwC, and the Stellar Development Foundation (SDF) unveiled a collaboration focused on programmable money for banks, with U.S. Bank testing custom stablecoin issuance on Stellar. The announcement was made on the U.S. Bank Money 20/20 podcast "The Tokenized Future of Banking." U.S. Bank highlighted Stellar's capabilities including asset freezing and transaction unwinding at the base layer, critical for regulated institutions managing consumer funds. Stellar's infrastructure offers 99.99% uptime over a decade, billions in annual payment volume, 3-5 second settlement times, and sub-cent transaction costs. The collaboration reflects SDF's mission to unlock equitable access to the global financial system by making financial infrastructure more inclusive, interoperable, and efficient.
