DEPLOYMENT · US
US Bank executes live intrabank stablecoin pilot between North America and Europe
US Bank completed a live pilot transaction using USBDC, its proprietary US dollar-backed stablecoin, for cross-border intrabank settlement between North America and Europe. Marks first public deployment of bank-issued stablecoin for settlement.
WHY IT MATTERS
Stablecoin settlement reduces forex friction and settlement time for correspondent banking, positioning US Bank to offer faster cross-border clearing to enterprise customers.
Source: Finextra · 2026-09-10