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 $0.1703, up 0.5% since this brief published. This is an original TLT brief based on reporting by The Cryptonomist, with live market data added, as of Sat, 24 Oct 2026 19:15:02 UTC.
This development marks a significant step in the adoption of blockchain technology by traditional banking institutions for cross-border transactions, leveraging Stellar's regulatory compliance features.
- US Bank selected Stellar for its USBDC stablecoin pilot.
- Stellar's features like asset freezing and compliance support the bank's regulatory needs.
- Stellar's TVL surged 105.5% in the past week to $127.21M.
- DTCC Launches $30T Tokenization Market, Stellar (XLM) Eyes 2027 Integration
- US Bank Partners with Stellar for Stablecoin Pilot Program
- US Bank Launches USBDC Stablecoin Pilot on Stellar Network — this brief
US Bank has launched a live cross-border pilot for its USBDC stablecoin on the 
Stellar network, as reported by The Cryptonomist. The bank selected Stellar due to its robust features such as asset freezing, clawback functionality, and strong compliance capabilities, which are crucial for regulated banking operations.
The decision highlights the growing trend of traditional financial institutions adopting blockchain technology for more efficient and secure cross-border transactions. Stellar's infrastructure provides the necessary regulatory compliance and operational features that US Bank requires for its stablecoin operations.
This move comes as Stellar's Total Value Locked (TVL) has seen a significant increase, rising 105.5% over the past week to $127.21 million, according to DeFiLlama. This surge in TVL indicates growing interest and activity within the Stellar ecosystem.
The broader crypto market, however, remains subdued with a total market cap of $2.75 trillion and 
Bitcoin experiencing a 1.58% drop in the last 24 hours. Despite this, the Fear & Greed index stands at 51, indicating a neutral market sentiment.
Stellar's native token, XLM, is currently priced at $0.169339, having declined 3.92% in the past 24 hours and 3.85% over the last week. The market cap of XLM is $5.97 billion.
Since this brief published about 2 hours ago, Stellar (XLM) has moved from $0.1693 to $0.1703 — +0.54%.
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 TLT'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 ≈ ₦235.29 (about $0.1703), down 2.7% over 24 hours. The naira itself trades about 3.9% above the official rate on the P2P market, so a Nigerian 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.
TLT 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 Stellar for its stablecoin?
US Bank selected Stellar for its asset freezing, clawback functionality, and strong compliance features.
What is the current status of the USBDC stablecoin pilot?
The pilot is live and involves cross-border transactions between the US and EU.
How has Stellar's TVL performed recently?
Stellar's TVL increased by 105.5% in the past week to $127.21 million.
How much is 1 Stellar worth in naira today?
About ₦235.29 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.1703. The naira price moves with both XLM's US-dollar price and the USDT/NGN rate; use our Stellar in naira page for any amount.
Has Stellar's price moved since this brief was published?
XLM is up 0.54% since this brief first published — trading at $0.1703 now versus $0.1693 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT 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 TLT 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.