U.S. Bank used its self-issued USBDC stablecoin on the public Stellar blockchain to complete a cross-border payment between entities in North America and Europe on Sept. 9. The transaction did not use a closed private ledger and remained connected to the bank’s existing systems. U.S. Bank, which had $445.4 billion in assets under management as of June 2026, said its digital-asset platform can evaluate USBDC minting, payment redemption, freezing and rollback functions. Chief Executive Officer Gunjan Kedia said the pilot demonstrated potential for faster global cash management and fund transfers, while Jamie Walker, who leads digital assets and money transfers, described it as another step in the bank’s digital-asset strategy.