US Bank Is Testing a Stablecoin on Stellar Network

Publicly traded bank U.S. Bank is testing a stablecoin on the Stellar blockchain, the firm announced on Tuesday.  The Minneapolis-based bank is collaborating with consulting firm PwC and the Stellar Development Foundation on the project.  “It’s another way to move money on a blockchain, and we look at blockchain as an alternative payment rail,” said Mike Villano, senior VP and head of digital asset products at US Bank, on the Future of Finance podcast. “We’re very interested to see what use cases are going ...