United Bank of America completes USBDC cross-border payment test based on Stellar blockchain

United Bank of America has completed testing the use of stablecoin USBDC for real-time cross-border payments, with transactions executed between entities in North America and Europe through the Stellar blockchain. The testing covers the casting, redemption, freezing, and rebate functions of USBDC, and validates the internally developed digital asset platform. United Bank of America is exploring the use of USBDC in cross-border treasury business, liquidity management, and collateral transfer, and has not disclosed a commercialization schedule. (Source: CoinDesk)