U.S. Bank begins stablecoin trial on Stellar, with PwC and SDF collaboration.
- U.S. Bank, PwC, and SDF launch stablecoin pilot on Stellar.
- Stellar supports custom stablecoin for internal settlements.
- Impact on XLM transaction volume remains minimal as of now.
U.S. Bank is piloting a custom stablecoin on the Stellar Network, announced by SDF on November 25, 2025, in collaboration with PwC as the compliance partner.
This initiative highlights traditional banks embracing blockchain, potentially boosting XLM activity, with compliance support shaping future regulatory standards for digital assets.
U.S. Bank, in collaboration with PwC and the Stellar Development Foundation, announced a trial of a stablecoin for institutional use on Stellar’s blockchain, effective November 25, 2025.
This initiative by U.S. Bank reflects a growing trend of employing blockchain technology in traditional finance, potentially influencing digital asset frameworks.
U.S. Bank to Pilot Custom Stablecoin on Stellar
U.S. Bank announced a pilot for a custom bank-issued stablecoin on Stellar’s network, aiming to enhance internal settlement processes. PwC and the Stellar Development Foundation are providing essential oversight and technical support.
The Stellar Development Foundation confirmed its role in supporting the stablecoin issuance platform. PwC contributes by ensuring compliance and integration with existing financial systems.
“U.S. Bank is testing custom stablecoin issuance on the Stellar Network. U.S. Bank, PwC, and the Stellar Development Foundation are working together to evaluate real-time settlement and digital asset audit requirements for regulated banking clients.” (Nov. 25, 2025)
Banking Sector Eyes Increased Blockchain Integration
The announcement has immediate implications for the banking sector’s adoption of blockchain, potentially increasing XLM activity. However, market responses remain cautious without significant on-chain changes.
While financial systems might benefit from improved transaction efficiency, the regulatory environment (Steil and Hill Introduce the STABLE Act) will test the sustainability of stablecoins under newly enacted frameworks, affecting future market developments substantially.
JPMorgan Onyx Parallels in Stablecoin Adoption
U.S. Bank’s move parallels JPMorgan’s Onyx platform, which previously highlighted a similar treasury-backed model. Historical comparisons indicate possible incremental changes in stablecoin adoption rates.
Based on prior financial experiments, stablecoin projects have improved transaction speeds without immediately affecting asset values. Ongoing regulatory adjustments could further define their financial impact.
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