{
  "id": 6495179,
  "title": "US Bank pilots custom-built stablecoin",
  "url": "https://urgent.news/2026/09/09/us-bank-pilots-custom-built-stablecoin",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T23:28:49.000Z",
  "source": {
    "name": "Finextra",
    "slug": "finextra",
    "url": "https://www.finextra.com/newsarticle/48372/us-bank-pilots-custom-built-stablecoin"
  },
  "original_language": "en",
  "account": null,
  "summary": "US Bank has conducted a live pilot transaction using its proprietary US dollar-backed stablecoin, USBDC. The transaction involved moving funds between the bank's North American and European entities on the public Stellar blockchain.\n\nThe pilot tested various functions of the stablecoin, including minting, redemption, freezing, and clawback, while integrating with the bank's existing risk, compliance, and operations systems. The transaction also validated the bank's internally developed Digital Asset Platform, which connects tokenized assets with its traditional banking infrastructure.\n\nThe bank is exploring additional uses for the stablecoin, including cross-border treasury operations, liquidity management, and moving collateral on-chain. This pilot builds on US Bank's broader push into digital assets, which includes a dedicated Digital Assets and Money Movement unit established in October 2025. According to Cointelegraph, US Bank has been testing custom stablecoin issuance on Stellar since at least November 2025.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "U.S. Bank takes next step towards launching its stablecoin with cross-border payment test",
        "url": "https://urgent.news/2026/09/09/u-s-bank-takes-next-step-towards-launching-its-stablecoin-with-cross",
        "published": "2026-09-09T11:40:44.000Z"
      },
      {
        "outlet": "Cointelegraph",
        "title": "U.S. Bank tests proprietary stablecoin in cross-border Stellar transaction",
        "url": "https://urgent.news/2026/09/09/u-s-bank-tests-proprietary-stablecoin-in-cross-border-stellar",
        "published": "2026-09-09T16:37:08.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}