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US Bank has launched the Split Card, designed for auto-installment payments. This new card shares features with Klarna's debit card, allowing users to make everyday purchases while managing payments in installments. It complements US Bank's existing ExtendPay program for easier budgeting.
US Bank is testing the issuance of a stablecoin using the Stellar Network. This move aligns with other major financial institutions like Citi and JPMorgan, which are also exploring stablecoin technology.