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U.S. Bancorp is studying stablecoins, and the encryption accomplice custody business is experiencing a revival.
Gate News bot News: U.S. Bancorp CEO Gunjan Kedia stated on Wednesday at the Morgan Stanley U.S. Financial Conference that under the friendly approach towards Crypto Assets by the Trump administration, the bank's institutional Crypto Assets custody business has seen a revival, and the bank is "researching and observing" the potential business it may engage in within the stablecoin sector.
Kedia stated that the crypto assets custody service created by the bank in 2021 performed poorly during the Biden administration, but interest in the service has once again heated up: "The product failed to truly succeed because the regulatory environment at that time was very uncertain for large institutional investors. Now, the product has returned, and we are fully capable of providing it."
Source: Cointelegraph