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US Bancorp Pilots Dollar Stablecoin for Payments

9 Sep

Summary

U.S. Bancorp completed a live transaction using its stablecoin.
The stablecoin is backed by the U.S. dollar and named USBDC.
This pilot supports the development of blockchain payment networks.

U.S. Bancorp announced on Wednesday, September 9, 2026, that it has completed a live pilot transaction. The transaction utilized the company's own U.S. dollar-backed stablecoin, known as USBDC. This event marks a significant development as financial institutions actively pursue the creation of blockchain-based payment systems.

The successful pilot transaction with USBDC demonstrates a key advancement in stablecoin technology. As lenders increasingly explore and adopt blockchain solutions, this milestone by U.S. Bancorp positions it within the competitive landscape of developing innovative payment networks.

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