US Bancorp Completes First USBDC Stablecoin Transaction

U.S. Bancorp announced that it executed its first live cross-border transaction using its dollar-backed USBDC stablecoin on 9 September 2026.

The test involved 1 pilot cross-border transfer completed between U.S. Bank legal entities. The lender shared the milestone through an official press release and an investor relations statement.

U.S. Bancorp has not disclosed the total dollar value of the transfer, the execution latency, or the network fee costs. The company also did not provide a target timeline for when commercial clients might access the USBDC stablecoin.