According to Cointelegraph, United Bank CEO Gunjan Kedia said the bank is "studying and observing" its possible role in the stablecoin space, while its institutional crypto custody business is experiencing a resurgence under the crypto-friendly Trump administration.
Kedia said the crypto custodian service it created in 2021 underperformed under the Biden administration, mainly because of the highly uncertain regulatory regime for large institutional investors at the time. Now, the business has re-energized.
Regarding stablecoins, Kedia said that United Bank of America may create its own stablecoins and achieve this through partnerships. The bank could also provide infrastructure for stablecoins, hold backing assets, and provide services such as custody.
The CEO of United Bank of America is studying stablecoins, and the bank may launch its own stablecoin
2025-06-12 06:17:18
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