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U.S Bank Tests Custom Stablecoin Issuance on Stellar Network
Yahoo Finance· 2025-11-25 18:29
U.S. Bank, the fifth-largest commercial bank in the U.S., has started testing the issuance of custom stablecoins on the Stellar network, according to a Tuesday announcement. Teaming up with PwC and the Stellar Development Foundation (SDF) for the initiative, the bank aims to explore whether a traditional bank can safely issue programmable money on a public blockchain, according to the blog post. U.S. Bank’s digital asset head, Mike Villano, highlighted in the blog post Stellar’s built-in ability to freez ...