PANews reported on November 26th that, according to The Block, US Bancorp stated it is testing its self-developed stablecoin on the Stellar blockchain. The bank's choice of the Stellar blockchain appears to be based on considerations of transaction security and control. Mike Villano, Senior Vice President of Corporate Innovation at the bank, stated, "For our customers, we must consider other safeguards around the 'Know Your Customer (KYC)' principle, such as the ability to reverse transactions. After further development on the Stellar platform, we found a significant advantage in its underlying operational layer, which can freeze assets and suspend online transactions." According to data from the Federal Reserve, as of September 30, U.S. Bancorp was the fifth largest bank in the United States, with assets under management of $671 billion.PANews reported on November 26th that, according to The Block, US Bancorp stated it is testing its self-developed stablecoin on the Stellar blockchain. The bank's choice of the Stellar blockchain appears to be based on considerations of transaction security and control. Mike Villano, Senior Vice President of Corporate Innovation at the bank, stated, "For our customers, we must consider other safeguards around the 'Know Your Customer (KYC)' principle, such as the ability to reverse transactions. After further development on the Stellar platform, we found a significant advantage in its underlying operational layer, which can freeze assets and suspend online transactions." According to data from the Federal Reserve, as of September 30, U.S. Bancorp was the fifth largest bank in the United States, with assets under management of $671 billion.

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more