U.S. Bank CEO: We are studying stablecoins, and our bank may launch its own stablecoin.

DeepFlowTech

2025-06-12 06:14:40

According to a report by Cointelegraph on June 12, Gunjan Kedia, the CEO of US Bancorp, stated that the bank is “researching and observing” its potential role in the stablecoin space, while its institutional encryption custody business is experiencing a revival under the crypto-friendly Trump administration.

Kedia stated that the encryption accomplice service created by the bank in 2021 performed poorly during the Biden administration, primarily due to the significant uncertainty surrounding regulations for large institutional investors at that time. Currently, the business has become active again.

Regarding stablecoins, Kedia stated that the United States Bank may create its own stablecoin and achieve this goal through partnerships. The bank could also provide infrastructure for stablecoins, hold supporting assets, and offer custody services.

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Fllii

· 2025-06-14 06:12

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Fllii

· 2025-06-12 06:16

According to a report by Cointelegraph on June 12, Gunjan Kedia, the CEO of US encryption custody

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