U.S. Bank is testing custom stablecoin issuance on Stellar in collaboration with the Stellar Development Foundation and PwC. The bank chose Stellar for its regulatory protections, including asset freezing, transaction unwinding, and proven reliability for mission-critical financial systems.
U.S. Bank has begun testing custom stablecoin issuance on the Stellar blockchain network, partnering with the Stellar Development Foundation and PwC. The bank selected Stellar specifically for its built-in regulatory features, including asset freezing, transaction clawback capabilities, and know-your-customer protections required for regulated institutions. Stellar's infrastructure offers 99.99% uptime over a decade, 3- to 5-second settlement, and billions in annual payment volume. This pilot aligns with U.S. Bank's broader strategy to onboard and offboard stablecoins into the banking system and provide stablecoin services as a payment vehicle for its client base.