U.S. Bank has successfully completed a live pilot using its USBDC stablecoin on the public Stellar blockchain to transfer real money between its U.S. and European branches. This marks a significant step as the bank chose an open blockchain network, addressing regulatory concerns with integrated risk management and compliance features like freezing and clawback. The pilot demonstrates the potential for fast, low-cost, and secure cross-border payments without traditional intermediaries. Initially, USBDC will be used internally for treasury operations, with U.S. Bank leading ahead of competitors still planning similar projects.
Stellar (XLM) facilitated the first regulated short-term collateralized lending (repo) transaction on its blockchain, using digitized U.S. Treasury bonds as collateral. This pilot, conducted by Ascend Markets and M1X Global, bypassed traditional bank...
Stellar (XLM) experienced a modest bounce on October 23, recovering slightly from a 4.57% drop the previous day, reaching around $0.177. Despite this, it has only regained a small portion of its losses and remains below key resistance levels near $0....
Crypto Rover shared a long-term price outlook for several cryptocurrencies, setting XRP at $100 and Bitcoin at $1 million without specifying a timeline. Other targets include Ether at $50,000, BNB at $10,000, Chainlink at $2,000, and NEAR Protocol at...
Stellar Lumens (XLM), the native token of the open-source Stellar blockchain, traded at $0.1775 as of early October 23, showing a slight 0.02% increase over the previous 24 hours. The price is currently testing resistance at $0.19, while support is e...
Analyst Mino from TokenPost.ai set long-term price targets of $1,000 to $10,000 for XRP and $1,000 for Stellar Lumens (XLM). These targets are based on the idea that digital assets might shift from being speculative investments to being valued as ess...
