Buckle up, folks! U.S. Bancorp is now the latest bank to play with stablecoins and blockchain, which is about as shocking as finding out your grandma uses TikTok. 🤷♂️ They\’ve partnered with Stellar blockchain, probably because it\’s the only thing in crypto that isn’t completely bonkers yet. Or maybe they’re just desperate to stay relevant in 2024. 🚀
- \n
- U.S. Bancorp is now a “DeFi pioneer” 🏆-read: cautiously poking crypto with a ten-foot pole.
- Joining the fun: Citi, Goldman Sachs, and Bank of America, because it’s so 21st century to be left out of the chaos. 💸
\n
\n
\n
If you thought U.S. Bank’s latest move was bold, wait until you hear their second act. They’re using Stellar blockchain to send money like it’s the future. But Mike Villano, a man whose title sounds like it was written in Comic Sans (Senior Vice President and Head of Digital Asset Products), says stablecoins are “another way to move money.” Wow, groundbreaking. 🔥
He also said: “We’re very interested in what our customers want.” Spoiler: customers want crypto to finally work. But instead of fixing it, they’re just adding more layers of bureaucracy. Classic. 🤡
Gunjan Kedia, CEO of U.S. Bancorp, dropped the bombshell about their pilot program during an earnings call. Fun fact: she only mentioned payment demand was “muted.” That’s banker-speak for “nobody actually wants this.” 🤢 But hey, at least they’re not in crypto hell anymore, thanks to the Trump administration’s deregulatory lovefest. Thanks, Guv. 🌟
Remember when U.S. Bank shut down their Bitcoin custody service for three years? Turns out, they just needed a nap. Now they’re back, like a zombie crypto cheerleader with a clipboard. They’ve also added stablecoins to the menu, because why let a real revolution scare you? 🧟\u200d♂️
Villano praised Stellar’s ability to reverse transactions, which is basically blockchain’s version of a “mistake button.” If you have it backwards. But hey, now you can claw back a bad transaction like it’s the first world war. 💀
Stellar’s ranked 19th in the stablecoin game, which is the crypto equivalent of being in the Bronze Zone at a footrace. But hey, it’s been around since 2014, so they’re at least old enough to remember the Dot Com Bubble. 🕰️
Banks Team Up in Crypto’s Midlife Crisis
U.S. Bancorp isn’t alone in this… endeavor. Citi is also in on the fun, teaming up with Coinbase to create a stablecoin. Gold Sachs and Bank of America are playing tag along, probably betting on coffee to see what happens. 🤑
Europe? Oh, they’re not slacking either. Nine big banks are teaming up to study euro-pegged stablecoins. Because what the world needs is more ways to mint digital versions of things we already have. 🤷♀️
And thus, the Great Stablecoin Arms Race begins. May the mightiest fiats survive! 🎉
Buckle up, folks! U.S. Bancorp is now the latest bank to play with stablecoins and blockchain, which is about as shocking as finding out your grandma uses TikTok. 🤷♂️ They’ve partnered with Stellar blockchain, probably because it’s the only thing in crypto that isn’t completely bonkers yet. Or maybe they’re just desperate to stay relevant in 2024. 🚀
- U.S. Bancorp is now a “DeFi pioneer” 🏆-read: cautiously poking crypto with a ten-foot pole.
- Joining the fun: Citi, Goldman Sachs, and Bank of America, because it’s so 21st century to be left out of the chaos. 💸
If you thought U.S. Bank’s latest move was bold, wait until you hear their second act. They’re using Stellar blockchain to send money like it’s the future. But Mike Villano, a man whose title sounds like it was written in Comic Sans (Senior Vice President and Head of Digital Asset Products), says stablecoins are “another way to move money.” Wow, groundbreaking. 🔥
He also said: “We’re very interested in what our customers want.” Spoiler: customers want crypto to finally work. But instead of fixing it, they’re just adding more layers of bureaucracy. Classic. 🤡
Gunjan Kedia, CEO of U.S. Bancorp, dropped the bombshell about their pilot program during an earnings call. Fun fact: she only mentioned payment demand was “muted.” That’s banker-speak for “nobody actually wants this.” 🤢 But hey, at least they’re not in crypto hell anymore, thanks to the Trump administration’s deregulatory lovefest. Thanks, Guv. 🌟
Remember when U.S. Bank shut down their Bitcoin custody service for three years? Turns out, they just needed a nap. Now they’re back, like a zombie crypto cheerleader with a clipboard. They’ve also added stablecoins to the menu, because why let a real revolution scare you? 🧟‍♂️
Villano praised Stellar’s ability to reverse transactions, which is basically blockchain’s version of a “mistake button.” If you have it backwards. But hey, now you can claw back a bad transaction like it’s the first world war. 💀
Stellar’s ranked 19th in the stablecoin game, which is the crypto equivalent of being in the Bronze Zone at a footrace. But hey, it’s been around since 2014, so they’re at least old enough to remember the Dot Com Bubble. 🕰️
Banks Team Up in Crypto’s Midlife Crisis
U.S. Bancorp isn’t alone in this… endeavor. Citi is also in on the fun, teaming up with Coinbase to create a stablecoin. Gold Sachs and Bank of America are playing tag along, probably betting on coffee to see what happens. 🤑
Europe? Oh, they’re not slacking either. Nine big banks are teaming up to study euro-pegged stablecoins. Because what the world needs is more ways to mint digital versions of things we already have. 🤷♀️
And thus, the Great Stablecoin Arms Race begins. May the mightiest fiats survive! 🎉
Read More
- Gold Rate Forecast
- Silver Rate Forecast
- BTC PREDICTION. BTC cryptocurrency
- EUR USD PREDICTION
- GBP CNY PREDICTION
- USD VND PREDICTION
- Brent Oil Forecast
- POL PREDICTION. POL cryptocurrency
- PI PREDICTION. PI cryptocurrency
- EUR KRW PREDICTION
2025-11-26 09:37