US Bank Launches USBDC Stablecoin Pilot on Stellar Network
US Bank has initiated a live US-EU cross-border pilot for its USBDC stablecoin on the Stellar network.
US Bank has initiated a live US-EU cross-border pilot for its USBDC stablecoin on the Stellar network. Stellar (XLM) is trading at ₹16.2 ($0.1705), up 0.7% since this brief published. This is an original Token Times brief based on reporting by The Cryptonomist, with live market data added, as of Sat, 24 Oct 2026 19:00:01 UTC.
This pilot represents a significant step in mainstream financial institutions adopting blockchain for regulated cross-border transactions, showcasing the integration of traditional banking with decentralized networks.
- US Bank selected Stellar for its USBDC stablecoin pilot.
- Stellar's TVL surged 105.5% in the past week to $127.26M.
- The pilot focuses on US-EU cross-border transactions with compliance features.
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- US Bank Launches USBDC Stablecoin Pilot on Stellar Network — this brief
US Bank has launched a live cross-border pilot for its USBDC stablecoin, utilizing the 
Stellar network for US-EU transactions. The decision to use Stellar was driven by the network's compliance features, such as asset freezing and clawback functionality, which are essential for regulated banking operations.
The pilot is part of US Bank's broader strategy to integrate blockchain technology into its digital asset offerings. The bank's head of digital assets emphasized the importance of these features in ensuring compliance with regulatory requirements.
Stellar's Total Value Locked (TVL) has seen a significant increase of 105.5% over the past week, reaching $127.26 million, according to DeFiLlama. This surge may be partly attributed to the announcement of the USBDC pilot, indicating growing interest in the network.
The broader cryptocurrency market remains relatively stable, with a total market cap of $2.75 trillion. However, 
Bitcoin has experienced a 1.58% decline in the past 24 hours, and the Fear & Greed index stands at 51, indicating a neutral market sentiment. Stellar's native token, XLM, is currently priced at $0.169339, with a 24-hour decrease of 3.92% and a 7-day decrease of 3.85%, resulting in a market cap of $5.97 billion.
The success of this pilot could pave the way for more traditional financial institutions to adopt blockchain technology for cross-border transactions, potentially leading to increased efficiency and reduced costs. Observers should watch for further developments in the pilot's progress and any regulatory approvals that may be required.
Since this brief published about 2 hours ago, Stellar (XLM) has moved from ₹16.09$0.1693 to ₹16.20$0.1705 — +0.66%.
The chart plots XLM's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XLM ≈ ₹17.35 (about $0.1705), down 3.0% over 24 hours. The rupee itself trades about 7.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 24, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
US Bank Launches USBDC Stablecoin Pilot on Stellar Network — questions & answers
Why did US Bank choose the Stellar network for its stablecoin?
US Bank selected Stellar for its compliance features, including asset freezing and clawback functionality, which are crucial for regulated banking operations.
What is the significance of the USBDC stablecoin pilot?
The pilot represents a significant step in the adoption of blockchain technology by traditional financial institutions for cross-border transactions.
How has Stellar's TVL been affected by the announcement?
Stellar's TVL surged 105.5% in the past week to $127.26 million, indicating growing interest in the network.
How much is 1 Stellar worth in rupee today?
About ₹17.35 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.1705. The rupee price moves with both XLM's US-dollar price and the USDT/INR rate; use our Stellar in rupee page for any amount.
Has Stellar's price moved since this brief was published?
XLM is up 0.66% since this brief first published — trading at ₹16.2 ($0.1705) now versus ₹16.09 ($0.1693) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from The Cryptonomist. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.