U.S. Bancorp, one of the largest banks in the United States, is reportedly exploring the use of its own stablecoin built on the Stellar blockchain. This move, initially reported by Wublockchain, signals growing institutional interest in blockchain technology and digital assets. The bank recently created a dedicated digital asset and funds movement division, highlighting its commitment to exploring these new technologies. According to Mike Villano, Head of Digital Asset Products at U.S. Bancorp, Stellar's built-in asset freeze function is a critical feature for institutions. This feature allows for control and compliance when considering the adoption of on-chain stablecoins. The testing phase will likely focus on internal operations and exploring potential use cases for a bank-backed stablecoin, furthering the integration of traditional finance with blockchain solutions. ```