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U.S. Bank Issues Its Own Stablecoin On Stellar

The Defiant·September 10, 2026·1 min read
U.S. Bank Issues Its Own Stablecoin On Stellar

A U.S. bank issued USBDC, a dollar-backed stablecoin on Stellar, and moved value between its North American and European entities in a pilot. The test covered minting, redemption, freezing, and clawback. XLM traded at $0.18, down 3.1% on the day.

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