US Bancorp, one of the major banks in the United States, is testing stablecoins on the Stellar blockchain, showing that major financial institutions have officially entered the blockchain. US Bank partnered with PwC and the Stellar Development Foundation to conduct the pilot program. US Bancorp chose Stellar because the network allows for asset freezing and transaction rollbacks right on the blockchain, which protects customers in the event of errors or mishaps, which is important in the financial industry. The bank is also exploring asset Tokenize to take advantage of fast, cheap, 24/7 transactions.