US Bancorp is testing its own stablecoin on Stellar

Major U.S. bank U.S. Bancorp is testing its own stablecoin on the Stellar blockchain, Wu Blockchain reported. The bank recently established a digital asset and fund movement division. Mike Villano, head of digital asset products at U.S. Bancorp, noted that Stellar's asset freeze capability is a key control feature that institutions consider when evaluating the adoption of on-chain stablecoins.