PANews reported on June 12 that according to Cointelegraph, Gunjan Kedia, CEO of US Bancorp, revealed at the Morgan Stanley Financial Conference that the bank's crypto custody business has regained vitality with the support of the Trump administration's policies and is currently studying business opportunities in the stablecoin field.

Kedia said that the bank's crypto custody service launched in 2021 was hampered by regulatory uncertainty during Biden's tenure, but institutional demand has rebounded significantly recently. She pointed out that the current focus is stablecoin payments, and banks may issue their own stablecoins or provide infrastructure services such as reserve asset custody through a cooperative model. Kedia also pointed out that currently 90% of stablecoin transactions still occur in the internal circulation of cryptocurrencies.