According to U.Today, Stellar (XLM) executed a historic multi-million dollar interbank loan that is backed by U.S. debt and settled under one cent. The transaction represents the first instance of a repository instrument (repo) in the Stellar network being secured through U.S. sovereign debt. The loan was processed without relying on traditional banking infrastructure.
The agreement involved Stellar hosting the loan, which was structured as an interbank arrangement and concluded at a value below one cent per unit. This development marks a milestone for the Stellar protocol in demonstrating alternative financing mechanisms outside conventional banks.
