[The Fifth Largest Bank in the U.S., U.S. Bancorp, Tests Its Self-Developed Stablecoin on the Stellar Platform] According to The Block, U.S. Bancorp stated that the company is testing its self-developed stablecoin on the Stellar blockchain. The bank's choice of the Stellar blockchain appears to be driven by considerations of transaction security and control. Mike Villano, Senior Vice President of Corporate Innovation at the bank, said: 'For banking customers, we must consider additional protective measures surrounding the "Know Your Customer (KYC)" principle, such as the ability to revoke transactions. After conducting further research and development on the Stellar platform, we found that one major advantage of the platform is that its foundational operational layer can freeze assets and suspend online transactions.' According to data from the Federal Reserve, as of September 30, U.S. Bancorp is the fifth largest bank in the United States, managing assets totaling $671 billion.