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us bancorp testing stablecoins on stellar blockchain?! banking giant dips its toes into crypto waters 🚀🔥📉
classic move by US Bancorp: adapting to emerging trends in blockchain technology by testing stable payments on the Stellar blockchain, showcasing a shift towards exploring new use
Banking giant US Bancorp is actively testing stablecoins on the Stellar blockchain, viewing them as “another way to move money on a blockchain.” The bank’s senior VP, Mike Villano, mentioned interest in emerging use cases and customer preferences. US Bancorp, known for its cautious approach to cryptocurrencies, suspended its Bitcoin custody service previously but has now resumed institutional custody. The bank’s choice of the Stellar blockchain is due to its financial focus and enhanced control features for institutional clients.
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