Stellar: U.S. Bank's USBDC Stablecoin Runs Live Pilot on the Network - 09 Sep 2026
U.S. Bank's proprietary USD-backed stablecoin USBDC is running a successful live pilot on Stellar, making it one of the first bank-issued stablecoins deployed on a public blockchain. The pilot places a traditional bank's dollar token in production conditions on an open network rather than a private or permissioned ledger.The deployment makes XLM the settlement rail for a stablecoin issued directly by a U.S. bank, which gives the network a concrete TradFi foothold. If the pilot progresses, future on-chain dollar flow through USBDC would run across Stellar infrastructure, tying network usage to a regulated issuer's activity. The pilot status is the main limitation, since a live trial does not yet confirm full-scale issuance or sustained transfer volume. Even so, the event is a measurable institutional-adoption signal for the network, as bank-issued tokens on public chains remain rare and each deployment sets a reference point for other regulated issuers evaluating public settlement rails.Today, announced a successful live pilot of USBDC, the bank's proprietary USD-backed stablecoin, on the Stellar network.USBDC is one of the first bank-issued stablecoins deployed on a public blockchain.Traditional finance meets innovation on Stellar.