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U.S. Bank Issues Its Own Stablecoin On Stellar

U.S. Bank said Wednesday it completed a live cross-border transfer using USBDC, a dollar-pegged stablecoin the bank issued on the Stellar network, moving value between its North American and European units. The pilot exercised token lifecycle controls — including minting, redemption, freezing and clawback — and ran through the bank's internal finance, risk, compliance and operations systems.

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