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U.S. Bancorp, which does business as (and is better known as) U.S. Bank, has begun testing its own stablecoin on the Stellar blockchain. The pilot, detailed in a recent Bloomberg report, focuses on using the token for faster and cheaper cross-border payments while incorporating safeguards like customer verification and transaction reversals. Mike Villano, the bank’s senior vice president for digital asset products, pointed to Stellar’s suitability for traditional financial services…
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U.S. Bancorp, which does business as (and is better known as) U.S. Bank, has begun testing its own stablecoin on the Stellar blockchain. The pilot, detailed in a recent Bloomberg report, focuses on using the token for faster and cheaper cross-border payments while incorporating safeguards like customer verification and transaction reversals. Mike Villano, the bank’s senior vice president for digital asset products, pointed to Stellar’s suitability for traditional financial services…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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