US Bank Tests USBDC Stablecoin on Stellar Network
Stellar (XLM)
Editor:
Eugene Serbin
startupfortune.com reports that US Bank completed an internal transfer of its own dollar-backed stablecoin, USBDC, on the Stellar blockchain on September 9, 2026. The fifth-largest US commercial bank moved funds between its North American and European entities, testing the full lifecycle of minting, redeeming, freezing, and clawing back tokens. This pilot validated US Bank's internally built Digital Asset Platform, which links tokenized assets to its finance and compliance systems.
CEO Gunjan Kedia stated the test demonstrated the bank's ability to speed up global cash management and money movement. Unlike Bitcoin or Ethereum, Stellar provides network-layer freeze and clawback tools, which US Bank executive Mike Villano noted are essential for regulated institutions needing to unwind transactions. The bank did not disclose the transfer amount or confirm a customer launch date, keeping the transaction within its own corporate walls.
This move distinguishes US Bank from a 21-institution consortium, including Bank of America and Citi, which is still planning a joint stablecoin venture for 2027. While other banks like JPMorgan and Societe Generale have issued tokens, US Bank is among the first large US banks to put a proprietary dollar token through a live payment on an open network.
How the market reacted
Whalio's own Binance spot order flow for XLM, measured when this story was written up on 20 September 2026. Not the outlet's figures.
Whalio spot data for XLM shows a price of $0.1962 with a 24-hour buy ratio of 48.5%, indicating a near-even split between buyers and sellers. However, short-term activity reveals a divergence, with the 1-hour buy ratio rising to 52.0% while the 4-hour ratio dropped to 36.7%. The 1-hour volume delta is positive at +$40,397, contrasting sharply with the negative 4-hour delta of -$1,063,921. This suggests that immediate buying pressure is emerging after a period of net selling over the last four hours. A positive volume delta indicates that buy volume exceeded sell volume during that specific hour, signaling a brief shift in momentum. Conversely, the negative 4-hour delta shows that sellers dominated the broader recent timeframe.
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.
Comparing today's activity to the preceding week reveals a more bearish trend, with the 7-day average buy ratio at 49.6%, slightly lower than today's 24-hour reading. Spot volume for the day reached $28,682,711, which is 1.38 times the weekly average, indicating significantly higher trading activity than usual. Despite this volume spike, the 8-day volume delta remains negative at -$2,696,361, showing that net selling has outweighed buying over the longer period. Only 3 of the last 7 days saw net buying, suggesting this is an unusual day for volume but not necessarily for trend reversal. The price has risen 9.0% over the 8-day period, yet the persistent negative volume delta highlights underlying selling pressure.