According to CoinMeta, Bank of America issued the stablecoin USBDC on the Stellar blockchain and utilized this stablecoin to facilitate cross-border payments between entities in North America and Europe. This pilot transaction was completed on the Stellar network and connected the bank's financial, risk, compliance, and operational systems. The test verified the functions of USBDC for minting, payment redemption, freezing, and recovery, as well as the digital asset platform developed internally by Bank of America. This platform is used for issuing, managing, and transferring tokenized assets, and it connects traditional banking infrastructure with blockchain networks.