U.S. Bancorp’s institutional crypto custody business is experiencing a resurgence under the Trump administration, driven by renewed interest after regulatory uncertainty during the Biden era. According to CEO Gunjan Kedia, the service, launched in 2021, hasn’t fully taken off until now due to regulatory headwinds and increased investor caution. She highlights that the product is back on track with the bank ready to offer its services again. Kedia indicates a growing interest in stablecoins as payment solutions and U.S. Bancorp is actively exploring their role, potentially creating its own stablecoin or partnering with others for infrastructure support. 5th largest bank in the U.S., U.S. Bancorp has already identified a market opportunity and plans to offer escrow services for stablecoin transactions. While stablecoins are currently experiencing a surge in trading volume between crypto assets, the actual integration of stablecoins into financial applications is still nascent and further regulations will shape its future role in the industry.