U.S. Bank is testing custom stablecoin issuance on the Stellar

U.S. Bank stablecoins on the Stellar network

Big news: U.S. Bank is testing custom stablecoin issuance on the Stellar

U.S. Bank, PwC, and the Stellar Development Foundation unveiled a major step forward in making programmable money bank-grade: U.S. Bank is testing custom stablecoin issuance on the Stellar network.

Trusted financial institutions choose Stellar for its protocol-level asset controls, decade of 99.99% uptime, and the compliance infrastructure traditional finance requires like the ability to freeze assets and unwind transactions.

In the words of Mike Villano, Senior Vice President, Enterprise Innovation, U.S. Bank: "SDF was an excellent partner. We were very interested in the platform for the low cost transactions it made available and other institutions like Franklin Templeton and wisdom tree have also built on top of Stellar."

The collaboration with U.S. Bank and PwC proves what we've always known: Stellar is the infrastructure for enterprise-grade finance.

Full story + podcast with U.S. Bank, SDF, and PwC leads 👇

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