U.S. Bancorp(US:USB) 智通财经网·2025-10-09 06:56Core Insights - U.S. Bancorp has been selected as the reserve custodian for Anchorage Digital Bank's payment-optimized stablecoins, which are backed by corresponding reserves [1] - The recent passage of the GENIUS Act, which enhances regulatory transparency, has prompted banks to explore cryptocurrency custody services [1] - U.S. Bancorp's Vice Chairman, Stephen Philipson, emphasized the bank's strength and stability, along with its custodial solutions, as factors that could accelerate the issuance of such products [1] Company Overview - As of June 30, U.S. Bancorp's wealth management, corporate, commercial, and institutional banking services have over $11.7 trillion in assets under custody and management [2] Industry Trends - The GENIUS Act mandates that reserves must consist of high-quality, highly liquid assets such as U.S. Treasury securities, allowing banks to provide custody for these reserves [1] - Other major banks, including Bank of New York Mellon and Citigroup, are actively exploring stablecoin reserve custody services, indicating a growing trend in the banking sector towards cryptocurrency [1]