According to CoinMeta, Bank of America (U.S. Bank), the fifth largest commercial bank in the United States, announced that it has used its US dollar-stabilized coin USBDC on the Stellar blockchain to complete a real-time cross-border payment between banking entities in North America and Europe. This test covered the issuance, redemption, freezing, and recovery of USBDC, and verified the bank's self-developed digital asset platform. Bank of America stated that it is exploring the use of USBDC for cross-border fund management, liquidity management, and collateral transfer, but has not yet announced a timeline for launching it to customers or commercialization.