U.S. Bancorp CEO Gunjan Kedia announced at the Morgan Stanley Financial Conference that the institution is actively exploring business opportunities in the stablecoin sector, with an immediate focus on payment solutions.
The bank is evaluating potential involvement in stablecoin issuance through partnerships or providing custody services for reserve assets backing stablecoins. This strategic move builds upon U.S. Bancorp’s existing engagement with digital assets, including previously disclosed holdings exceeding $15 million in spot Bitcoin exchange-traded funds.
The exploration signals U.S. Bancorp’s commitment to expanding its cryptocurrency offerings, potentially positioning the institution to meet growing institutional demand for regulated stablecoin payment infrastructure and asset safeguarding solutions.