U.S. Bank Issues Stablecoin On Stellar
Stellar (XLM)
Editor:
Eugene Serbin
U.S. Bank completed a live cross-border payment between its North American and European entities using USBDC, a dollar-backed stablecoin issued on Stellar, thedefiant.io reported on 10 September 2026. This federally regulated bank has placed its own token on the same rails as USDT and USDC while maintaining supervisory controls like freezing and clawback capabilities. The transaction settled on Stellar and remained connected to the bank's core finance, risk, compliance, and operations systems.
It also validated the bank's internally developed Digital Asset Platform, which links existing infrastructure to blockchain networks. Gunjan Kedia, chairman and chief executive officer, stated that the pilot demonstrates an ability to accelerate global cash management and money movement capabilities. Jamie Walker, head of digital assets and money movement, emphasized the focus on delivering solutions that solve real client challenges while maintaining safety and reliability.
The bank did not disclose the amount of money moved, whether USBDC will be offered to clients, or the specific details of the token's backing and reserves. Potential uses under review include liquidity management, collateral mobility, and cross-border treasury operations. Stellar has seen real-world asset balances grow faster than its DeFi markets, with U.S. Bank now joining Franklin Templeton and DTCC on the network. Twenty-one financial institutions recently committed to a joint stablecoin venture, further solidifying Stellar's appeal to traditional finance.
How the market reacted
Whalio's own Binance spot order flow for XLM, measured when this story was written up on 10 September 2026. Not the outlet's figures.
XLM is trading at $0.1812 on Binance spot, showing a slight dip from the source's reported price. Buy ratios are lower in the short term, with 40.3% for the 1-hour window and 44.1% for the 4-hour window, compared to a balanced 50.3% over the last 24 hours. This indicates that buying pressure is fading in the immediate term relative to the daily average. Volume deltas reflect this shift, with net selling of -$183,655 in the last hour and -$517,238 over four hours. However, the 24-hour volume delta remains positive at +$102,932, suggesting that net buying has occurred over the full day despite recent outflows. The Cumulative Volume Delta (CVD) for the 24-hour close is -$795,798, indicating that sell volume has outweighed buy volume at the close of the period.
The latest daily buy ratio of 47.8% sits at the 16th percentile of the last 324 days, against a median of 50.7% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for XLM, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 52.6%, making today's 24-hour ratio of 50.3% slightly below the weekly norm by 2.3 percentage points. Spot volume for the day was $17,105,253, which is 1.12 times the weekly average, indicating higher-than-usual activity. While the buy ratio is lower than average, the coin has seen net buying on all seven days of the week. The total volume delta for the eight-day period stands at +$6,147,916, with the price up 3.2% over that span. This suggests that despite today's short-term selling pressure, the broader weekly trend remains one of consistent accumulation.