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TechFlow, Nov 26 — According to Bloomberg, U.S. Bancorp, a Minneapolis-based bank, is testing its own stablecoin on the public blockchain Stellar. The bank previously announced the establishment of a Digital Assets and Payments division. CEO Gunjan Kedia said the current focus is on crypto custody and stablecoin payments, although customer demand for payments remains relatively modest.
According to Bloomberg, U.S. Bancorp, based in Minneapolis, is testing its own stablecoin on the public blockchain Stellar. The bank previously announced the establishment of a digital assets and payments division, and CEO Gunjan Kedia said the current focus is on crypto custody and stablecoin payments, although customer demand for payments has been relatively modest.
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