# U.S. Bank completes USBDC Stellar pilot > U.S. Bank completed a live intercompany USBDC payment between its North American and European entities on Stellar on Sept. 9, testing mint, redeem, freeze and clawback. No customer access disclosed. - **Source:** https://ptycoin.com/en/posts/2026-09-12-us-bank-usbdc-stellar-pilot/ - **Published:** 2026-09-11 - **Category:** News - **Author:** Mateo - **Tags:** stablecoins, banks, payments, cross-border, institutional, treasury - **Also published in:** [Español](https://ptycoin.com/es/posts/2026-09-12-us-bank-usbdc-stellar-pilot/) --- **U.S. Bank** completed a live cross-border payment with **USBDC**, its proprietary U.S. dollar-backed stablecoin, on **September 9, 2026**, moving the token between the bank's own entities in North America and Europe on the public **Stellar** blockchain. The [investor-relations release](https://ir.usbank.com/news-events/news/news-details/2026/U-S--Bank-Launches-USBDC-Stablecoin/default.aspx) and a matching [story on the bank's site](https://www.usbank.com/about-us-bank/news-and-stories/article-library/us-bank-launches-usbdc-stablecoin.html) describe the same run. [Reuters](https://www.reuters.com/legal/transactional/us-bancorp-executes-first-live-transaction-using-dollar-backed-usbdc-stablecoin-2026-09-09/) and [Cointelegraph](https://cointelegraph.com/news/us-bank-launches-usbdc-stablecoin-with-live-cross-border-payment) confirm the corridor and the four functions the bank says it tested. The published materials name no payment amount, no customer-access plan, and no commercial rollout date. ## Inside the bank's walls Both ends of the transfer sat inside U.S. Bank. This was an intercompany pilot, not a customer transaction. [CryptoSlate](https://cryptoslate.com/us-bank-moves-usbdc-across-borders-on-stellar-but-only-inside-its-own-walls/) spells out the limit: the result shows an internal Stellar payment. Settlement with an outside bank, merchant, or retail customer remains untested in public. USBDC is a dollar token the bank issued itself. U.S. Bank, which calls itself the fifth-largest commercial bank in the United States in the [about copy on the same page](https://www.usbank.com/about-us-bank/news-and-stories/article-library/us-bank-launches-usbdc-stablecoin.html), says the pilot stayed wired into its core finance, risk, compliance, and operations systems. The bank also calls USBDC one of the first bank-issued stablecoins deployed on a public chain and talks about 24/7 transaction capability. That is the bank's own framing. The bank's site publishes the Stellar issuer address used for the pilot: `GDABKPZMAIULVJVJJQM7L3VIG5A2IS5V4KP2P3YNP6YWRUBJNBGFGG6E`. ## Mint, redeem, freeze, clawback The live run evaluated four issuer functions: minting, payment redemption, freezing, and clawback. Mint and redeem are how a bank creates and retires token units against dollars. Freeze and clawback are how an issuer stops or reverses movement when a control requires it. U.S. Bank says it ran those checks on the same live payment, on its internally developed **Digital Asset Platform**, the stack it uses to issue, manage, and move tokenized assets against those banking systems. That is the actual news. A public chain carried the transfer. The issuer kept the controls a regulated bank expects to hold. "This live pilot demonstrates our ability to accelerate global cash management and money movement capabilities," said **Gunjan Kedia**, chairman and chief executive officer, in the release. "We are excited to create value for our clients and harness the power of a new technology within the banking system." "This pilot is another step forward in our broader digital asset strategy," said **Jamie Walker**, Head of Digital Assets and Money Movement. "Our focus remains on delivering solutions that solve real client challenges while maintaining the safety, security and reliability that clients expect from U.S. Bank." Kedia's client language and Walker's "solutions" line sit next to a payment that, as published, stayed between U.S. Bank legal entities. The bank is talking about a platform it wants to offer later. ## How we got here Walker has led that unit since **October 15, 2025**, when U.S. Bank [created the Digital Assets and Money Movement organization](https://ir.usbank.com/news-events/news/news-details/2025/U-S--Bank-establishes-new-Digital-Assets-and-Money-Movement-organization/default.aspx) around stablecoin issuance, crypto custody, tokenization, and digital money movement. [Decrypt reported on November 25, 2025](https://decrypt.co/350011/us-bank-testing-stablecoin-stellar-network) that the bank was already testing custom issuance on Stellar with **PwC** and the **Stellar Development Foundation**. The [SDF blog](https://stellar.org/blog/ecosystem/u-s-bank-is-testing-custom-stablecoin-issuance-on-the-stellar-network) carried the same collaboration. The September 9 announcement is the first time the bank has said USBDC completed a live cross-border payment on that chain. The release lists future applications under exploration: enhanced liquidity management, collateral mobility, cross-border treasury operations, and other institutional uses. It also says the work builds on a strategic relationship with the Stellar Development Foundation and describes Stellar as having near-instant settlement and sub-cent costs. Those are the bank's words about a network it already chose. [CoinDesk](https://www.coindesk.com/business/2026/09/08/u-s-bank-takes-next-step-towards-launching-its-stablecoin-with-cross-border-payment-test) also reported the pilot. The bank has not named a launch date. Reuters puts the pilot beside the wider bank race: Goldman Sachs, Bank of America, Citi, and Wells Fargo are among the firms planning a shared dollar token aimed at the first half of 2027. This desk covered that [21-firm formation on 1 September](/en/posts/2026-09-05-banks-usd-stablecoin-h1-2027/). U.S. Bank does not appear on that member list. It ran a proprietary token on a named public chain instead. A payments desk still needs the pieces the release leaves out: the size of the transfer, who besides U.S. Bank can hold USBDC, how reserves are attested, and when a client can send one. ## Takeaway On September 9, 2026, U.S. Bank ran USBDC across the Atlantic on Stellar as an intercompany pilot, tested mint, redeem, freeze, and clawback on its Digital Asset Platform, and left customer access and a commercial date unpublished. The issuer address is on the bank's own page if you want to inspect the account. Keep USBDC in the unpublished-for-clients column until the bank says otherwise. None of this is a recommendation to hold USBDC or any other dollar token. --- ## Keep reading - [What is Bre-B? Banco de la República's instant-payment keys move pesos in about 20 seconds, and you can buy or cash out USDT only when the venue's deposit screen actually lists that rail instead of PSE](https://ptycoin.com/en/posts/2026-09-08-what-is-bre-b-colombia-stablecoins/index.md): Bre-B is Colombia's instant-payment rail: a llave, about 20 seconds, 24/7. Buy or cash out USDT only if the venue lists Bre-B; many still use PSE. - [How do you receive money in Mexico with stablecoins and SPEI? USDT or USDC lands on-chain or at a Mexican exchange, you sell for pesos, and SPEI pushes MXN to your 18-digit CLABE when CURP and bank details match](https://ptycoin.com/en/posts/2026-09-01-receive-money-mexico-stablecoins-spei/index.md): Receive USDT or USDC in Mexico, sell for pesos, SPEI to your CLABE. CURP, network choice, and matching names decide whether the cash-out clears in minutes. - [How do you buy and cash out USDT with Pix in Brazil? Deposit BRL at a local exchange, buy Tether, withdraw on-chain, then reverse the path to send reais back to your bank](https://ptycoin.com/en/posts/2026-08-25-buy-cash-out-usdt-pix-brazil/index.md): Buy USDT with Pix in minutes at a Brazilian exchange, withdraw to self-custody, then sell and Pix the reais home. Network choice and the R$35k DeCripto line matter. --- Source: PTYcoin — https://ptycoin.com/en/posts/2026-09-12-us-bank-usbdc-stellar-pilot/. Free to read and cite with attribution to ptycoin.com. AI-usage terms: https://ptycoin.com/en/ai-usage/