U.S. Bank completes first live USBDC cross-border payment

U.S. Bank, America's fifth-largest commercial bank, has completed its first live cross-border payment using its own USBDC stablecoin, settling the transaction on the Stellar network. The test advances the bank's push toward launching its own stablecoin after earlier confirming it was exploring USBDC for treasury payments, liquidity management and collateral.

• The live settlement marks a concrete step beyond testing toward a working stablecoin product.
• The bank is positioning USBDC for corporate treasury and cross-border use cases as traditional banks increasingly build their own tokenized payment rails.