U.S. Bank executes live pilot cross-border payment using USBDC
U.S. Bank announced successful execution of a live pilot using USBDC, its proprietary U.S. dollar-backed stablecoin, for a cross-border payment between U.S. Bank entities in North America and Europe.
S. S. S. Bank entities in North America and Europe.
The bank described USBDC as a bank-issued stablecoin deployed on a public blockchain.