‘Institutions have arrived’ — US Bancorp launches stablecoin pilot on Stellar network
The ability to freeze assets and unwind transactions was a key consideration when selecting the blockchain for the pilot, according to Mike Villano from US Bank.
US Bancorp is running a stablecoin pilot on the Stellar blockchain, joining the growing number of banks experimenting with the technology.
The bank is partnering with consulting company PricewaterhouseCoopers (PwC) and the Stellar Development Foundation to run the pilot.
“The bottom line is institutions have arrived. New financial infrastructure is taking shape now, and US Bank, PwC, and SDF are working to unlock the next wave of digital banking,” said the Stellar Development Foundation on Tuesday.
