Bitcoin Holds Near 78352 Dollars as U.S. Bank Tests USBDC on Stellar
Bitcoin traded at 78352 dollars down 0.32 percent while U.S. Bank completed its first live internal cross-border transaction with the USBDC stablecoin on the public Stellar network between North American and European entities.
Bitcoin held at 78352 dollars, off 0.32 percent over the past day, while Ethereum sat at 2475 dollars down 0.54 percent and the rest of the majors posted modest losses. The chart showed steady candles with limited volatility as the market absorbed news of traditional finance moving further on-chain.
U.S. Bank executed a live internal cross-border pilot transaction using its dollar-backed USBDC stablecoin on the public Stellar blockchain. The test ran between the bank’s North American and European entities and exercised mint, redeem, freeze and clawback functions. The pilot remained internal with no announced timeline for any client-facing launch.
Christian Barker (Barkmeta / Bark) and David Chaboki (Shibo) highlighted the development in community channels. Their posts drew attention to how the move validates on-chain settlement for established banks without relying on closed ledgers.
Market Reaction
The price action stayed measured. SOL traded at 101.85 dollars, down 1.14 percent, while XRP and DOGE posted declines of 1.5 percent and 3.92 percent respectively. Volume remained moderate and no sharp candles formed across the majors.
Traders noted the news as incremental rather than disruptive. The chart reflected that view, with ranges holding and no aggressive buying or selling pressure emerging in the hours after the announcement.
Community Notes
Inside the rooms and threads, participants focused on the technical details released by U.S. Bank and Reuters. The use of public Stellar infrastructure stood out because it showed traditional controls operating on an open network.
Barkmeta and Shibo’s flags kept the conversation moving across timelines. Holders and observers compared the pilot to earlier bank experiments and discussed what on-chain mint and freeze functions could mean for future settlement rails.
Next Steps
U.S. Bank confirmed the transaction succeeded and emphasized risk controls remained in place throughout the test. No client launch date was provided, keeping the effort in the internal-validation stage.
The market continued to digest the development without major shifts in positioning. Prices held their ranges into the evening session as participants waited for any follow-up statements from regulators or additional banks.
CoinGecko data at 11:09 p.m. ET captured the session’s modest moves across the majors. The story now sits with how quickly other institutions follow the same path on public rails.