Gunjan Kedia, CEO of U.S. Bancorp, revealed at the Morgan Stanley financial conference that the bank's crypto custody business has regained vitality under the support of Trump administration policies, and is currently exploring business opportunities in the stablecoin sector. Kedia stated that the bank's crypto custody service launched in 2021 was hindered by regulatory uncertainties during Biden's administration, but institutional demand has clearly rebounded recently. She pointed out that the current focus is on stablecoin payments, and the bank may issue its own stablecoin or provide reserve asset custody and other infrastructure services through partnership models. Kedia also noted that currently 90% of stablecoin transactions still occur within the cryptocurrency internal circulation scenarios. (Cointelegraph)