U.S — 2026-09-09

## Short Segments U.S. Bank's USBDC stablecoin goes live for cross-border payments on Stellar, Nacha's new project team explores stablecoins and tokenized deposits, Visa integrates onchain lending into everyday payments, and India targets 15 crypto platforms over AML compliance. Later, we'll dive deeper into U.S. Bank's stablecoin launch and its implications for cross-border transactions. Nacha's Payments Innovation Alliance launches a new project team focused on stablecoins and tokenized deposits. The Next-Gen Currency Project Team, led by Nacha and the Digital Sovereignty Alliance, aims to explore the global use of digital assets for money movement. This initiative reflects the growing importance of digital assets in the payments landscape, as the team seeks to understand their impact on the broader financial ecosystem. For payment companies and developers, this means a closer look at how stablecoins and tokenized deposits can be integrated into existing systems, potentially leading to new opportunities and challenges in digital finance. Visa introduces onchain lending to everyday payments, enhancing stablecoin-linked card programs. By combining VisaNet settlement data with blockchain lending, Visa aims to provide fintechs and card programs with access to working capital through onchain credit. This move positions Visa at the forefront of digital finance, as onchain lending becomes one of the fastest-growing segments in the industry. For payment companies and fintechs, this development could unlock new financing opportunities, making it easier to integrate blockchain technology into traditional payment systems. India's Financial Intelligence Unit targets 15 crypto platforms over AML compliance issues. The FIU-IND has issued non-compliance notices and seeks takedowns of apps and URLs for failing to adhere to the Prevention of Money Laundering Act. This action highlights the ongoing regulatory scrutiny faced by crypto platforms in India, as authorities aim to enforce anti-money laundering regulations more strictly. For crypto platforms operating in India, this development underscores the importance of compliance with local regulations to avoid potential shutdowns and legal challenges. Tether and Fasanara Capital launch a $400 million fund for stablecoin-enabled private credit. The StableFund aims to raise up to $3 billion from institutional investors to deploy through Fasanara's global fintech lending network. This initiative marks a significant step in integrating stablecoins into traditional finance, as Tether seeks to leverage its USDT rails for private credit. For institutional investors and fintech companies, this fund represents an opportunity to explore new avenues for lending and investment, bridging the gap between crypto-native infrastructure and traditional financial systems. ## Feature Story U.S. Bank's USBDC stablecoin goes live for cross-border payments on Stellar, marking a significant milestone for bank-issued digital currencies. The Minneapolis-based U.S. Bank has successfully completed a live pilot transaction using its proprietary U.S. dollar-backed stablecoin, USBDC, to facilitate a cross-border payment between its North American and European entities. This development positions U.S. Bank alongside major financial players like Bank of America and Citi, who are also exploring blockchain-based payment rails. By leveraging the Stellar blockchain, U.S. Bank demonstrates its ability to move funds on-chain while maintaining traditional banking controls and risk management. This move reflects the growing institutional interest in programmable money and the potential for stablecoins to revolutionize cross-border transactions. For issuers and payment companies, this development highlights the potential for stablecoins to streamline international payments, reducing costs and increasing efficiency. As one of the first bank-issued stablecoins deployed on a public blockchain, USBDC could pave the way for broader adoption of digital currencies in the banking sector. Looking ahead, U.S. Bank's successful pilot could encourage other financial institutions to explore similar initiatives, potentially transforming the landscape of cross-border payments and tokenized deposits. For regulators, this development underscores the need to establish clear guidelines for the use of stablecoins in traditional banking systems, ensuring compliance and security in an evolving digital economy. As the financial industry continues to embrace blockchain technology, the successful deployment of USBDC on Stellar could serve as a blueprint for future innovations in digital finance.