Bank of America disclosed that it has completed its first cross-border pilot transaction using its own stablecoin USBDC. This real-time test connected its banking entities in North America and Europe, indicating that the bank is utilizing stablecoins for actual fund transfer scenarios.

The transaction was completed on Stellar.

This pilot is being conducted on the Stellar blockchain. Bank of America stated that the test results indicate that funds can be transferred on the chain while continuing to integrate with the bank's existing financial, risk control, compliance, and operational systems.

This means that the relevant processes do not operate independently of the bank's existing architecture, but are verified within the existing backend system. For traditional banks, this kind of integration capability is usually more critical than simply completing a blockchain transfer.

Pilot projects focus on improving the efficiency of cross-border payments

The Chairman and CEO of Bank of America, Gunjan Kedia, stated that this real-time pilot project demonstrated the feasibility of the bank's ability to accelerate global cash management and fund transfers. According to him, the bank hopes to leverage new technologies to enhance customer service capabilities and integrate these capabilities into the banking system.

From the disclosed information, this transaction still remains in a pilot phase, with the focus on verifying the feasibility of cross-border payments using stablecoins, rather than announcing a formal launch to a wide range of customers. The article also does not disclose the transaction amount, the number of participating customers, or a subsequent commercialization timeline.

US banking industry accelerates its layout of stablecoins

Over the past year, the attention to stablecoins in the U.S. banking industry has continued to rise, with applications mainly focusing on payments, settlement, and cross-border capital flows. As traditional financial institutions accelerate the testing of on-chain settlement tools, there is an increasing number of cases where banks are either building their own stablecoin projects or launching them in collaboration with others.

It is also mentioned in the text that an alliance composed of bank associations from multiple states plans to launch a blockchain platform named BankChain Alliance in the first half of 2027 to support stablecoin-related applications. This also indicates that the banking industry is attempting to advance stablecoins from conceptual testing to more concrete infrastructure construction.

Additional information:USBDC is a stablecoin project launched by a U.S. bank. This disclosure emphasizes cross-border pilots between banking entities, rather than payment products for retail users.