US Bancorp selects Stellar chain for stablecoin pilot
Crypto Briefing
US Bancorp is piloting its own stablecoin on the Stellar blockchain due to its compliance features.Summary
US Bancorp, a Minneapolis-based financial institution, is currently piloting its proprietary stablecoin on the Stellar public blockchain. The bank chose Stellar specifically because of its built-in compliance-oriented features, such as asset freezing and transaction management, which align with banking regulatory requirements. This move is part of US Bancorp's broader expansion into digital assets, which includes developing stablecoin issuance and cryptocurrency custody products through its dedicated digital assets division. The selection highlights the growing interest among major banks in leveraging blockchain technology, particularly platforms offering robust tools for secure and compliant financial transactions.
(Source：Crypto Briefing)