{"id":7059044,"date":"2026-09-15T12:39:41","date_gmt":"2026-09-15T12:39:41","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/americas-sixth-largest-bank-launches-dollar-backed-stablecoin-for-cross-border-transfers\/"},"modified":"2026-09-15T12:39:41","modified_gmt":"2026-09-15T12:39:41","slug":"americas-sixth-largest-bank-launches-dollar-backed-stablecoin-for-cross-border-transfers","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=7059044","title":{"rendered":"America’s Sixth-Largest Bank Launches Dollar-Backed Stablecoin for Cross-Border Transfers"},"content":{"rendered":"


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A major billion-dollar bank is executing a live pilot of its proprietary dollar-backed stablecoin on a public blockchain to move funds across borders.<\/p>\n

U.S. Bank, which is headquartered in Minneapolis, Minnesota, says<\/a> the transaction was completed on the Stellar network between its North American and European entities.<\/p>\n

The pilot validates the bank\u2019s Digital Asset Platform, which supports minting, redemption, freezing and clawback functions while remaining linked to existing finance, risk and compliance systems.<\/p>\n

Gunjan Kedia, chairman and chief executive officer at U.S. Bank, addressed the pilot\u2019s impact.<\/p>\n

\u201cThis live pilot demonstrates our ability to accelerate global cash management and money movement capabilities. We are excited to create value for our clients and harness the power of a new technology within the banking system.\u201d<\/em><\/p>\n

Jamie Walker, head of Digital Assets and Money Movement at U.S. Bank, discussed the strategy.<\/p>\n

\u201cThis pilot is another step forward in our broader digital asset strategy. Our focus remains on delivering solutions that solve real client challenges while maintaining the safety, security and reliability that clients expect from U.S. Bank.\u201d<\/em><\/p>\n

Future use cases of the stablecoin that are under review include liquidity management, collateral mobility and cross-border treasury operations.<\/p>\n

U.S. Bank is the sixth-largest<\/a> bank in the US with a total asset base of 638.38 billion as of the second quarter, according to the Federal Reserve.<\/p>\n

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\u00a0<\/p>\n

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: Midjourney<\/span><\/em><\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"

A major billion-dollar bank is executing a live pilot of its proprietary dollar-backed stablecoin on a public blockchain to move funds across borders. U.S. Bank, which is headquartered in Minneapolis, Minnesota, says the transaction was completed on the Stellar network between its North American and European entities. The pilot validates the bank\u2019s Digital Asset Platform, […]<\/p>\n","protected":false},"author":1,"featured_media":7059045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12030],"tags":[17103,2331,17182,221326,10851,18378,20183,221325,33649,221323,12789,221324],"dealstore":[],"offerexpiration":[],"class_list":["post-7059044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-americas","tag-bank","tag-crossborder","tag-dollarbacked","tag-launches","tag-minneapolis","tag-minnesota","tag-sixthlargest","tag-stablecoin","tag-stellar-xlm","tag-transfers","tag-u-s-bank"],"yoast_head":"\nAmerica's Sixth-Largest Bank Launches Dollar-Backed Stablecoin for Cross-Border Transfers - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=7059044\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"America's Sixth-Largest Bank Launches Dollar-Backed Stablecoin for Cross-Border Transfers - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"A major billion-dollar bank is executing a live pilot of its proprietary dollar-backed stablecoin on a public blockchain to move funds across borders. 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