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Foresight News
Foresight News|Nov 26, 2025 01:03
[U.S. Bank Testing Custom Stablecoin Issuance on the Stellar Network] Foresight News reports that U.S. Bank (America. Bank) is collaborating with PwC and the Stellar Foundation to test custom stablecoin issuance on the Stellar network. Mike Villan, Senior Vice President and Head of Digital Asset Products at America. Bank, stated, 'For our banking clients, we must consider additional protective measures, such as know-your-customer (KYC), the ability to reverse transactions, and the ability to recover transactions. During our further research and development on the Stellar platform, we discovered one of its major advantages is its ability to freeze assets and reverse transactions at the underlying operational level.'
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