U.S. Bancorp reports record third quarter results
The bank achieved $8 billion revenue and launched a stablecoin pilot alongside new small-business credit cards.
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Commercial bank and financial services provider
usbank.comLast updated
In short: U.S. Bank reported record third-quarter revenue of $8 billion and piloted a USBDC stablecoin
The bank achieved $8 billion revenue and launched a stablecoin pilot alongside new small-business credit cards.
Net revenue of $7,712 million and net income of $2,177 million, up 20% year-over-year.
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US Bank has executed of a live intrabank pilot transaction between North America and Europe that utilised the bank's proprietary US dollar-backed stablecoin, USBDC.
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