Episode
U.S. Bank Tests Stablecoin Across Borders | Bitcoin and Crypto News
- Published
- Sep 9, 2026
- Duration seconds
- 114
- Processing state
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- https://sources.thednn.ai/55704e943f02b86a
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Summary
U.S. Bank just completed a major test of its own stablecoin, USBDC, moving it across borders via the Stellar blockchain — proving it can be issued, redeemed, and even frozen while staying compliant. This move is part of their broader push into digital assets, backed by PwC and the Stellar Foundation, and follows the launch of a dedicated digital assets unit. Meanwhile, 21 big banks including Bank of America and Goldman Sachs are teaming up to launch their own U.S. dollar-backed stablecoin by mid-2027, targeting cross-border payments and digital asset settlements — signaling that the financial world is racing to harness the power of digital currency. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/55704e943f02b86a