According to a Bloomberg report, U.S. Bancorp is testing a stablecoin issued by itself on the Stellar public blockchain as part of its efforts to expand its digital asset business. The bank previously announced the establishment of a 'Digital Assets and Cash Flow Division'. CEO Gunjan Kedia stated that the current business focus is on cryptocurrency custody and stablecoin payment services, but customer demand for such payment services remains relatively moderate. Mike Villano, head of digital asset products at U.S. Bancorp, pointed out that Stellar has functions such as asset freezing, and this kind of controllability is an important consideration for institutions when adopting on-chain stablecoins.